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MILAN, TN 38358

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The MILAN, TN real estate market (38358) currently shows 45 active listings, with 14 pending sales. Homes are averaging 109 days on the market before going under contract.

Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 109 days on market compared to 86 days last year.

The median listing price has fallen 14.9% year-over-year, from $234,900 to $199,900.

Whether you are buying or selling in MILAN, TN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 12,466  ·  Density: 58.2/mi²  ·  Median household income: $54,514

Typical home value: $138,885  ·  Homeownership: 63.5%

Market Overview

Active Listings
45
⇩ 8.2% vs 49 last year
Pending
14
31% pending ratio
Median Price
$199,900
⇩ 14.9% vs $234,900 last year
Average Price
$250,918
vs $250,865 last year
Days on Market
109
⇧ 26.7% vs 86 days last year

Price Per Square Foot

Median $/sqft
$143
⇧ 4.4% vs $137/sqft last year
Median Home Size
1,451 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 45 this year vs 49 last year
  • Days on market: 109 now vs 86 last year

Median & Average Pricing

Year over Year
  • Median: $199,900 (-14.9% YoY)
  • Average: $250,918 (+0% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.5 miles — 519 listings ($189,843,125 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38358Milan, TN 383580.0 mi45$11,718,180$229,999$260,404
38220Atwood, TN 382206.9 mi8$2,019,312$184,000$252,414
38258Trezevant, TN 3825810.9 mi3$1,176,999$299,000$392,333
38343Humboldt, TN 3834311.3 mi73$34,934,734$282,400$478,558
38382Trenton, TN 3838213.5 mi31$7,466,009$214,900$240,839
38305Jackson, TN 3830514.9 mi250$103,191,500$344,450$412,766
38337Gadsden, TN 3833716.8 mi6$2,139,240$389,000$356,540
38369Rutherford, TN 3836918.8 mi10$1,963,500$152,450$196,350
38201McKenzie, TN 3820119.1 mi52$15,622,724$259,900$300,437
38229Gleason, TN 3822922.6 mi8$1,886,312$154,900$235,789
38255Sharon, TN 3825523.1 mi4$1,410,640$274,900$352,660
38001Alamo, TN 3800123.3 mi17$4,258,483$230,000$250,499
38233Kenton, TN 3823325.5 mi12$2,055,492$125,000$171,291

Frequently Asked Questions

How many homes are for sale in MILAN, TN 38358?

As of February 2026, there are 45 active listings in MILAN, TN (zip code 38358), compared to 49 the prior year.

What is the median home price in MILAN, TN 38358?

The median listing price in MILAN, TN 38358 is $199,900 as of February 2026, a 14.9% decrease from $234,900 the prior year.

How long do homes stay on the market in MILAN, TN?

Homes in MILAN, TN 38358 spend an average of 109 days on the market before going under contract, compared to 86 days the prior year.

Is it a seller's or buyer's market in MILAN, TN 38358?

Based on current inventory and days-on-market data as of February 2026, MILAN, TN 38358 is currently a Balanced Market. Inventory has tightened compared to last year, with 4 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 109 days on market compared to 86 days last year.

How much can I save on real estate commission in MILAN, TN?

With SELL123.com's maximum 3% commission, sellers in MILAN, TN 38358 save an estimated $3,998 compared to a typical 5% commission on the median listing price of $199,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.