Comprehensive market data and analysis• Updated Dec 2025
11.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 1 | 1 | 2 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | 1 | 1 | 3 | 4 |
| 5-10 acres | 1 | 1 | 2 | 2 |
| 10-20 acres | - | 1 | 1 | 4 |
| 20-50 acres | - | - | - | 1 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 2 | 4 | 7 | 15 |
Acreage buckets
The median price for land in Milan, Michigan is currently $14K per acre. For a typical parcel, the median sale price is $115K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $51K while premium lots reached $300K.
Milan, Michigan is currently a buyer's market with 11.2 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 57.0% year-over-year.
Milan, Michigan currently has 11.2 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Over the past 12 months, Milan, Michigan saw 15 properties sold, totaling $3.2M in sales volume. In just the last 3 months, 4 properties changed hands.
The current absorption rate in Milan, Michigan is 8.9% (3-month basis), indicating moderate demand. With depreciating values (-57.0% YoY), buyers may find value opportunities. The top-performing broker in this market is Real Estate One in Milan.
The 3-month absorption rate in Milan, Michigan is 8.9%. The 12-month rate is 8.3%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The median land price in Milan, Michigan stands at $115K. This translates to roughly $14K per acre for the typical parcel size. The average price is $213K, 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.