Is now a good time to buy land in Milan, Missouri?
Milan, Missouri is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Comprehensive market data and analysis• Updated Dec 2025
6.0 months of supply
Market conditions are relatively balanced between buyers and sellers.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 3 | 3 |
| 1-2 acres | - | - | - | - |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | 1 | 1 | 1 |
| 10-20 acres | - | - | 1 | 1 |
| 20-50 acres | - | 1 | 1 | 1 |
| 50-100 acres | 1 | 1 | 2 | 3 |
| 100+ acres | - | - | 1 | 4 |
| TOTAL | 1 | 4 | 9 | 13 |
Milan, Missouri is currently a balanced market with 6.0 months of supply. Conditions favor neither buyers nor sellers significantly.
Milan, Missouri currently has 6.0 months of inventory supply. This indicates a balanced market. Low supply means competition for available properties is high.
Over the past 12 months, Milan, Missouri saw 16 properties sold. In just the last 3 months, 4 properties changed hands.
The current absorption rate in Milan, Missouri is 16.7% (3-month basis), indicating strong demand. The top-performing broker in this market is North MO Realty LLC.
There are currently 8 active listings in Milan, Missouri. 2 new listings have hit the market in the last 90 days. The median asking price is $222K.
The 3-month absorption rate in Milan, Missouri is 16.7%. 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.
Land in Milan, Missouri typically sells within 111 days of listing. The median time on market is 105 days. Properties are moving at a moderate pace in the current balanced market.
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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.