Milan Housing Market Report January 2025•Erie County, Ohio

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Housing Prices in Milan, OH

How much do homes in Milan, OH cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$293,900$170/SqFt
+$9,000
+3.2%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Milan has increased by 3.2% since last year.

Summary: The median home list price in Milan was $293,900 in January 2025, up 3.2% from the previous year, and the median price per square foot was $170.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Norwalk Township
+17.4%
Milan
+3.2%
Milan Township
0.5%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2--
N/A
3$233.7K$230K
-1.6%
4$359.9K$389.4K
+8.2%
5$407.7K$599.9K
+47.1%

Summary: Milan housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -1.6%. The home price for 4 bedroom homes increased by +8.2%. The home price for 5 bedroom homes increased by +47.1%.

Housing supply in Milan, OH

How many homes are available in Milan, OH?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
5Last MonthJan 2025
72 months agoDec 2024
-28.6 %
Change MoMDec – Jan

Summary: The Milan real estate market had 5 homes for sale in Jan 2025, a 28.6 % decrease compared to Dec 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
200
0.0%
331
-66.7%
444
0.0%
500
0.0%

Summary: Milan housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -66.7%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Days on Market for Milan, OH

How long does it take to sell a home in Milan, OH?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
69 DaysThis YearJan 2025
332 Days1 year agoJan 2024
-79.1 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Milan had an average listing age of 69 days in Jan 2025, down by 79.1% compared to the previous year.

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Newest Listings in Milan, OH

What homes are available in Milan, OH?

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Nearby markets aren't available for Milan, OH

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MLS Disclaimers and Copyright

Based on information from Firelands MLS, and MLS Now for the period 02/01/2023 - 02/01/2025

Broker Reciprocity Information Deemed Reliable, but Not Guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Firelands MLS, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Firelands Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 4:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 4:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.