Is Milan, NM 87021 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Milan is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Milan housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Cibola County, NM

Population	2,871
Median income	$40,129
Average income	$55,120
Median home value	$128,100
Median rent	$886/month
Owner-occupied	68% of homes
Median year built	1975

Natural hazard riskWinter storms (relatively high), wildfire (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 87021; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 87021

Prefilled for 87021Can I win this house?Multiple-offer likelihood for a listing Prefilled for 87021Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bluewater 87005 — /sq ft Fence Lake 87315 $391 /sq ft Grants 87020Balanced $134 /sq ft Laguna 87026 $185 /sq ft Browse all markets →

Towns like Milan nearby

Find towns like Milan in other states →

Ramah, NM87321 · 34 miles away64% similarmore single-family homes · newer homes Grants, NM87020 · 3 miles away57% similarpricier homes ($26K more) · larger Crownpoint, NM87313 · 39 miles away54% similarcheaper homes ($58K less) · larger Pueblo Of Acoma, NM87034 · 26 miles away46% similarcheaper homes ($46K less) · 9 min longer commute

Where Milan is

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Questions about Milan real estate

What are property taxes in Milan?

About 0.80% of a home’s value a year in Cibola County, or roughly $3,200 on a $400,000 home.

Local agents

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More tools for 87021

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Cibola County property taxes Cibola County loan limits Closing costs in New Mexico Hottest ZIP codes in New Mexico

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology