Is Milan, MI 48160 a buyer’s or seller’s market?

The Milan housing market right now

In the three months ending August 31, 2026, 31% of homes in Milan, MI 48160 sold above their list price, the typical home went under contract in 40 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 57 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 41%, homes sold more slowly (36 days then) and the median sale price rose 6% to $344,851. Overall, Milan is less competitive than a year ago, which gives buyers more room.

Within Monroe County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Milan ranks #270 of 510 MI ZIP codes with enough sales (score 64 out of 100).

Nearby, buyers who want less competition could look at Luna Pier 48157 (0% sold over asking) or La Salle 48145 (13% sold over asking), while Ida 48140 (60% sold over asking) and Ottawa Lake 49267 (60% sold over asking) are even more competitive.