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Milan, IL Real Estate & Property Data

Milan Real Estate Market Trends

Last Updated: April 22, 2025

Accurate and comprehensive real estate data is critical for insight into Milan, IL 61264. ATTOM’s Milan real estate data is updated daily, and current market trends show that in Milan, IL a total of 130 residential properties have sold over the past year. With a median home price of $281,000 in Milan. Get detailed property data for Milan, IL instantly. ATTOM is your one-stop-shop for the Milan property reports and real estate data you need in Milan, IL.

Milan Real Estate Market Trends

Get property data for any address in Milan, IL or the country:

Total Residential Properties 3,747

Total Commercial Properties 405

Avg. Home Age (Single Family Home) 57 Years

Avg. Square Feet (Single Family Home) 1,479

Total 2025 Residential Sales (year-to-date) 16

% of Homes Seriously Underwater (Q2 2025) 1.55%

Total 2024 Residential Sales 122

% of Equity Rich Homes (Q2 2025) 35.79%

Effective 2024 Property Tax 1.91%

Total Foreclosure Filings (year-to-date) 2

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Milan, IL 61264 Real Estate Overview

There were 130 residential properties sold in the past year in Milan, IL 61264. The median home value in Milan, IL 61264 is $170,506. There are a total of 3,747 residential properties in the 61264.

Median Sales Price i

$281,000

(Feb 2025)

+103.6%

year-over-year

y-o-y

February '25 Feb '25 $281,000
January '25 Jan '25 $275,000
December '24 Dec '24 $129,750
November '24 Nov '24 $170,000
October '24 Oct '24 $125,000
September '24 Sep '24 $168,750
August '24 Aug '24 $198,000
July '24 Jul '24 $166,000
June '24 Jun '24 $100,000
May '24 May '24 $150,250
April '24 Apr '24 $154,750
March '24 Mar '24 $218,000

Median Down Payment i

$20,600

(Feb 2025)

+724%

year-over-year

y-o-y

February '25 Feb '25 $20,600
January '25 Jan '25 $4,981
December '24 Dec '24 $21,840
November '24 Nov '24 $3,930
October '24 Oct '24 $17,520
September '24 Sep '24 $6,300
August '24 Aug '24 $13,375
July '24 Jul '24 $36,000
June '24 Jun '24 $15,917
May '24 May '24 $4,400
April '24 Apr '24 $6,639
March '24 Mar '24 $25,000

Number of Homes Sold i

10

(Feb 2025)

+66.7%

year-over-year

y-o-y

February '25 Feb '25 10
January '25 Jan '25 6
December '24 Dec '24 12
November '24 Nov '24 12
October '24 Oct '24 12
September '24 Sep '24 8
August '24 Aug '24 11
July '24 Jul '24 13
June '24 Jun '24 7
May '24 May '24 12
April '24 Apr '24 10
March '24 Mar '24 11

Number of Purchase Loans i

6

(Feb 2025)

year-over-year

y-o-y

February '25 Feb '25 6
January '25 Jan '25 1
December '24 Dec '24 9
November '24 Nov '24 12
October '24 Oct '24 11
September '24 Sep '24 5
August '24 Aug '24 10
July '24 Jul '24 10
June '24 Jun '24 8
May '24 May '24 11
April '24 Apr '24 11
March '24 Mar '24 7

Number of REFI Loans i

6

(Feb 2025)

-40%

year-over-year

y-o-y

February '25 Feb '25 6
January '25 Jan '25 9
December '24 Dec '24 9
November '24 Nov '24 14
October '24 Oct '24 15
September '24 Sep '24 10
August '24 Aug '24 8
July '24 Jul '24 16
June '24 Jun '24 5
May '24 May '24 12
April '24 Apr '24 14
March '24 Mar '24 16

Number of HELOC Loans i

3

(Feb 2025)

February '25 Feb '25 3
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 1
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 1
June '24 Jun '24 5
May '24 May '24 2
April '24 Apr '24 N/A
March '24 Mar '24 N/A

Milan, IL 61264 Real Estate Market Overview

Last 30 days

Street
Street
Street

1
2
3

Milan, IL 61264 Foreclosure Activity

Total Foreclosure Filings i

February '25 Feb '25 N/A
January '25 Jan '25 2
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 4
September '24 Sep '24 1
August '24 Aug '24 N/A
July '24 Jul '24 N/A
June '24 Jun '24 N/A
May '24 May '24 1
April '24 Apr '24 N/A
March '24 Mar '24 4

Foreclosure Starts i

February '25 Feb '25 N/A
January '25 Jan '25 2
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 2
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A
June '24 Jun '24 N/A
May '24 May '24 1
April '24 Apr '24 N/A
March '24 Mar '24 3

Completed Foreclosures (REOs) i

February '25 Feb '25 N/A
January '25 Jan '25 1
December '24 Dec '24 1
November '24 Nov '24 2
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 1
June '24 Jun '24 N/A
May '24 May '24 1
April '24 Apr '24 2
March '24 Mar '24 N/A

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