This housing market report uses absorption rates to track supply and demand for Milan, IL. With 5 months of inventory across all segments, the market is currently balanced — supply and demand are roughly equal, giving buyers and sellers relatively equal negotiating leverage. Use the tables below to explore specific price ranges and property types in detail. [Last updated: October 26, 2026]
High demand, low inventory. Homes sell fast, often above asking price. Sellers hold leverage.
Supply and demand are roughly equal. Prices are stable and negotiations are more equitable.
More supply than demand. Buyers can negotiate, request concessions, and take their time.
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Houses
Absorption rate of 1.5, with 0.7 months of inventory.
With 6 months of inventory, buyers have more time and negotiating power in this range.
1 active listings with 9 sold in the last 6 months.
The overall market favors sellers with just 2 months of inventory.
| List Price |
Available
|
Sold Last 6 Months 
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Under Contract 
|
Absorption Rate 
|
Months of Inventory 
|
Market |
|---|---|---|---|---|---|---|
| 25k-50k | 1 | 0.2 | 0 | Seller's | ||
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| 50k-75k | 1 | 3 | 0.5 | 2 | Seller's | |
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| 75k-100k | 2 | 3 | 0.3 | 4 | Balanced | |
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| 100k-125k | 1 | 9 | 2 | 1.5 | 0.7 | Seller's |
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| 125k-150k | 1 | 8 | 1 | 1.3 | 0.8 | Seller's |
| 150k-175k | 1 | 8 | 1.3 | 0.8 | Seller's | |
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| 175k-200k | 1 | 1 | 0.2 | 6 | Balanced | |
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| 200k-225k | 2 | 1 | 0.3 | 0 | Seller's | |
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| 225k-250k | 1 | 5 | 0.8 | 1.2 | Seller's | |
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| 250k-275k | 1 | 1 | 0.2 | 6 | Balanced | |
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| 275k-300k | 7 | 1.2 | 0 | Seller's | ||
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| 300k-325k | 1 | 1 | 0.2 | 6 | Balanced | |
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| 325k-350k | 1 | 0.2 | 0 | Seller's | ||
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| 375k-400k | 1 | 2 | 0.3 | 3 | Balanced | |
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| 400k-425k | 2 | 0 | ||||
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| 425k-450k | 1 | 0 | ||||
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| 475k-500k | 1 | 0 | ||||
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| 500k-550k | 1 | 1 | 0.2 | 6 | Balanced | |
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| 550k-600k | 1 | 0.2 | 0 | Seller's | ||
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| 600k-650k | 1 | 0 | ||||
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| 800k-850k | 1 | 0 | ||||
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Land
Absorption rate of 0.
With 0 months of inventory, buyers have more time and negotiating power in this range.
0 active listings with 1 sold in the last 6 months.
With 168 months of inventory overall, buyers currently hold the advantage.
| List Price |
Available
|
Sold Last 6 Months
|
Under Contract
|
Absorption Rate
|
Months of Inventory
|
Market |
|---|---|---|---|---|---|---|
| 0-25k | 1 | 0 | ||||
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| 25k-50k | 16 | 0 | ||||
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| 50k-75k | 7 | 0 | ||||
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| 75k-100k | 3 | 0 | ||||
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| 475k-500k | 1 | 0.2 | 0 | Seller's | ||
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| 1m-1.1m | 1 | 0 | ||||
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