Is Milan, IL 61264 a buyer’s or seller’s market?

The Milan housing market right now

In the three months ending August 31, 2026, 24% of homes in Milan, IL 61264 sold above their list price, the typical home went under contract in 11 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 35 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 44%, homes sold faster (16 days then) and the median sale price rose 4% to $214,907. Overall, Milan is less competitive than a year ago, which gives buyers more room.

Within Rock Island County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in 79%. On our competition score, Milan ranks #242 of 464 IL ZIP codes with enough sales (score 66 out of 100).

Nearby, buyers who want less competition could look at Cordova 61242 (0% sold over asking) or Hampton 61256 (10% sold over asking), while Rapids City 61278 (100% sold over asking) and Carbon Cliff 61239 (67% sold over asking) are even more competitive.