$7,244 Closing Credit*
$610,000
2,239 SqFt
4 Beds
•2 Full Baths, 1 Partial
Glen G Whitten, Listing Office: Ohio Property Group, LLC
Is Milan, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Milan was a Neutral Market.
Key Takeaway
Milan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Milan, OH
How much do homes in Milan, OH cost?
Median Sold Price
$295,500
$168/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$88,875(+43.0%)
Key Takeaway
Homes in Milan have sold for 43% more than they did a month ago.
Summary: The median home sold price in Milan was $295,500 in November 2024, up 43% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $206.6K | $336K | +62.6% |
| 4 Bedrooms | - | $295.5K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Milan housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 62.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Milan | $206.6K | $295.5K | +43.0% |
| Milan Township | $206.6K | $295.5K | +43.0% |
Housing Supply in Milan, OH
How many homes are available in Milan, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Summary: The Milan real estate market had 10 homes for sale in November 2024, a 42.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Milan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milan, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Milan in November 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Milan, OH
How long does it take to sell a home in Milan, OH?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 Day | 181 Days | +18080.0% |
Summary: Homes in Milan had an average of 181 days on market in Nov 2024, up by 18080% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Milan are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in Milan; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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