New - 21 hours on Rocket
#QC4260894, Jean Mueller, Listing Office: Ruhl&Ruhl REALTORS Moline
Milan Township Housing Market Report February 2025•DeKalb County, Illinois
Housing Prices in Milan Township, IL
How much do homes in Milan Township, IL cost?
Housing Market Conditions
Is Milan Township, IL a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Milan Township is a Seller's Market
Difference Since February 2024
At the same time last year, Milan Township was a Buyer's Market.
Insight
Milan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$169,900$115/SqFt
+$9,900
+6.2%
Based on all homes sold in the last 12 months
Insight
Homes in Milan Township have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Milan Township was $169,900 in February 2025, up 6.2% from last year, and the median price per square foot was $115.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $54.5K | $79.5K | +45.9% |
| 22 Bedrooms | $108K | $107.8K | -0.1% |
| 33 Bedrooms | $159.7K | $165K | +3.3% |
| 44 Bedrooms | $247.4K | $253.7K | +2.5% |
| 55+ Bedrooms | $390K | $212.9K | -45.4% |
Summary: Milan Township housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +45.9%. The home price for 2 bedroom homes decreased by -0.1%. The home price for 3 bedroom homes increased by +3.3%. The home price for 4 bedroom homes increased by +2.5%. The home price for 5 bedroom homes decreased by -45.4%.
Housing supply in Milan Township, IL
How many homes are available in Milan Township, IL?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 26Last MonthFeb 2025 | ||
| 222 months agoJan 2025 | +18.2 % Change MoMJan – Feb |
Summary: The Milan Township real estate market had 26 homes for sale in Feb 2025, a 18.2 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 6Last MonthFeb 2025 | ||
| 22 months agoJan 2025 | +200.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 1 | +100.0% |
| 22 Bedrooms | 4 | 5 | +25.0% |
| 33 Bedrooms | 11 | 13 | +18.2% |
| 44 Bedrooms | 6 | 6 | 0.0% |
| 55+ Bedrooms | 1 | 1 | 0.0% |
Summary: Milan Township housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +25.0%. The inventory for 3 bedroom homes increased by +18.2%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Milan Township, IL cost?
Over Asking Price1 Home
At Asking Price1 Home
Under Asking Price4 Homes
Insight
If you're buying a home in Milan Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Milan Township in February 2025, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and and 17% were sold over asking.
Days on Market for Milan Township, IL
How long does it take to sell a home in Milan Township, IL?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days2 Homes
Over 90 Days0 Home
Insight
Many homes in Milan Township are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 6 homes were sold in Milan Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 27 DaysThis YearFeb 2025 | ||
| 18 Days1 year agoFeb 2024 | +49.5 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Milan Township had an average listing age of 27 days in Feb 2025, up by 49.5% compared to the previous year.
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Newest Listings in Milan Township, IL
What homes are available in Milan Township, IL?
New - 7 days on Rocket
$1,069 Closing Credit¹
#QC4260700, Katy Gladkin, Listing Office: Milltown Realty, LLC
$593 Closing Credit¹
#QC4260602, Gary Williams, Listing Office: Ruhl&Ruhl REALTORS Moline
3D tour
$3,669 Closing Credit¹
#QC4260549, Robert Strupp, Listing Office: Home Marketor, Inc.
#QC4260535, Marian Stallings, Listing Office: EXIT Realty Fireside
$3,859 Closing Credit¹
#QC4260430, Sara Smith-DeWulf, Listing Office: BUY SELL BUILD QC - Real Broker, LLC
$9,144 Closing Credit¹
#QC4260341, Brad Boeye, Listing Office: BUY SELL BUILD QC - Real Broker, LLC
$3,525 Closing Credit¹
#QC4260253, Chris McDanel, Listing Office: EXP REALTY, LLC.
$5,936 Closing Credit¹
#QC4260219, Richard Bassford, Listing Office: RE/MAX Concepts Bettendorf
$1,366 Closing Credit¹
#QC4260039, Michelle Arguello, Listing Office: Mel Foster Co. Davenport
$1,983 Closing Credit¹
#QC4260011, Timothy Odey, Listing Office: Keller Williams Greater Quad Cities / Midwest Partners
$3,324 Closing Credit¹
#QC4259989, Joe Schramm, Listing Office: Keller Williams Greater Quad Cities / Midwest Partners
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MLS Disclaimers and Copyright
Based on information from RMLS Alliance, for the period 03/01/2023 - 03/01/2025
Listings courtesy of RMLS Alliance as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of RMLS Alliance®. Real estate listings held by brokerage firms other than this broker are marked with the RMLSA logo and detailed information about them includes the name of the listing brokers. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. Copyright © 2025 Peoria Area Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 11:50:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.