Comprehensive market data and analysis• Updated Oct 2026
8.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 1 | 1 | 2 |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | 1 | 4 | 5 |
| 5-10 acres | - | - | 2 | 3 |
| 10-20 acres | - | - | - | 5 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 1 | 3 | 8 | 17 |
Acreage buckets
The median price for land in Milan, Michigan is currently $17K per acre. For a typical parcel, the median sale price is $97K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $54K while premium lots reached $218K.
Milan, Michigan is currently a balanced market with 8.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Milan, Michigan currently has 8.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Over the past 12 months, Milan, Michigan saw 16 properties sold, totaling $1.9M in sales volume. In just the last 3 months, 3 properties changed hands.
The current absorption rate in Milan, Michigan is 12.5% (3-month basis), indicating moderate demand. The top-performing broker in this market is Real Estate One Inc.
The 3-month absorption rate in Milan, Michigan is 12.5%. The 12-month rate is 16.7%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Milan, Michigan stands at $97K. This translates to roughly $17K per acre for the typical parcel size. The average price is $117K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Milan on LandyDandy.
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