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MILAN, MI 48160

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

Neighborhoods in ZIP 48160

Quartier de Chatusses · Valescure

Market Analysis

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

The MILAN, MI real estate market (48160) currently shows 36 active listings, with 16 pending sales. Homes are averaging 100 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 100 days on market compared to 42 days last year.

The median listing price has risen 7.7% year-over-year, from $324,975 to $350,000.

Whether you are buying or selling in MILAN, MI, 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: 14,163  ·  Density: 70.2/mi²  ·  Median household income: $95,833

Typical home value: $240,840  ·  Homeownership: 82.5%

Market Overview

Active Listings
36
⇩ 2.7% vs 37 last year
Pending
16
44% pending ratio
Median Price
$350,000
⇧ 7.7% vs $324,975 last year
Average Price
$362,230
⇧ 20.9% vs $299,540 last year
Days on Market
100
⇧ 138.1% vs 42 days last year

Price Per Square Foot

Median $/sqft
$193
⇩ 2% vs $197/sqft last year
Median Home Size
1,637 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 36 this year vs 37 last year
  • Days on market: 100 now vs 42 last year

Median & Average Pricing

Year over Year
  • Median: $350,000 (+7.7% YoY)
  • Average: $362,230 (+20.9% 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 18.8 miles — 665 listings ($256,961,948 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48160Milan, MI 481600.0 mi37$13,634,278$349,900$368,494
48159Maybee, MI 481597.5 mi5$2,457,335$342,450$491,467
48197Ypsilanti, MI 481978.3 mi106$39,868,614$349,950$376,119
49229Britton, MI 492299.9 mi7$1,602,622$217,000$228,946
48111Belleville, MI 4811111.9 mi111$42,973,095$382,490$387,145
49238Deerfield, MI 4923813.4 mi2$509,800$254,900$254,900
49286Tecumseh, MI 4928613.9 mi37$10,546,258$277,450$285,034
48198Ypsilanti, MI 4819814.1 mi107$31,725,821$227,500$296,503
48140Ida, MI 4814014.8 mi3$1,361,175$322,450$453,725
48164New Boston, MI 4816415.0 mi32$11,151,072$359,999$348,471
48161Monroe, MI 4816116.1 mi72$23,747,040$290,000$329,820
48105Ann Arbor, MI 4810517.2 mi66$58,761,318$660,000$890,323
48174Romulus, MI 4817418.8 mi80$18,623,520$197,400$232,794

Frequently Asked Questions

How many homes are for sale in MILAN, MI 48160?

As of February 2026, there are 36 active listings in MILAN, MI (zip code 48160), compared to 37 the prior year.

What is the median home price in MILAN, MI 48160?

The median listing price in MILAN, MI 48160 is $350,000 as of February 2026, a 7.7% increase from $324,975 the prior year.

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

Homes in MILAN, MI 48160 spend an average of 100 days on the market before going under contract, compared to 42 days the prior year.

Is it a seller's or buyer's market in MILAN, MI 48160?

Based on current inventory and days-on-market data as of February 2026, MILAN, MI 48160 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 100 days on market compared to 42 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MILAN, MI 48160 save an estimated $7,000 compared to a typical 5% commission on the median listing price of $350,000. 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.