Comprehensive market data and analysis• Updated Dec 2025
24.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 2 | 5 |
| 1-2 acres | - | - | - | 3 |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | 1 | 2 | 4 |
| 10-20 acres | - | - | - | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 5 | 15 |
Acreage buckets
The median price for land in Milan, Tennessee is currently $25K per acre. For a typical parcel, the median sale price is $70K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $7K while premium lots reached $232K.
Milan, Tennessee is currently a strong buyer's market with 24.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Milan, Tennessee currently has 24.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, Milan, Tennessee saw 15 properties sold, totaling $1.5M in sales volume. In just the last 3 months, 1 properties changed hands.
Land in Milan, Tennessee typically sells within 88 days of listing. The median time on market is 77 days. Properties are moving at a moderate pace in the current strong buyer's market.
Land in Milan, Tennessee averages $69K per acre. The median price per acre is $25K, which may be more representative of typical transactions. Most parcels sold are around 1.0 acres.
The median land price in Milan, Tennessee stands at $70K. This translates to roughly $25K per acre for the typical parcel size. The average price is $102K, 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. 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.
