Is Milan, OH 44846 a buyer’s or seller’s market?
Milan is a seller’s market. With about 1.6 months of supply and 36% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 76% of U.S. ZIP codes, and #128 of 495 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Milan housing market right now
In the three months ending August 31, 2026, 36% of homes in Milan, OH 44846 sold above their list price, the typical home went under contract in 43 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold more slowly (38 days then) and the median sale price fell 23% to $273,244. Overall, Milan is more competitive than a year ago, so tougher for buyers.
Within Erie County, homes here sell faster than in 67% of the county’s ZIP codes, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Kelleys Island 43438 (0% sold over asking) or Huron 44839 (29% sold over asking), while Castalia 44824 (50% sold over asking) is even more competitive.
Run the numbers for 44846
Nearby markets
Berlin Heights 44814Seller’s market $143 /sq ftCastalia 44824Balanced $177 /sq ftHuron 44839Seller’s market $184 /sq ftKelleys Island 43438Balanced $427 /sq ft Browse all markets →Towns like Milan nearby
Find towns like Milan in other states →Where Milan is
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Questions about Milan real estate
Is Milan a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Milan, OH 44846 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Milan?
The typical home went under contract in 43 days in the latest three months.
Do homes in Milan sell over asking?
36% of homes sold above their original list price, and the typical sale closed at 101.9% of the list price.
What are property taxes in Milan?
About 1.22% of a home’s value a year in Erie County, or roughly $4,880 on a $400,000 home.
What is the median home price in Milan?
The median sale price was $273,244 in the three months ending August 31, 2026, about $180 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology