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MILAN, TN 38358

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The MILAN, TN real estate market (38358) currently shows 56 active listings, with 12 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 49 days on market compared to 46 days last year.

The median listing price has fallen 6.4% year-over-year, from $264,800 to $247,900.

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Market Context

Market Context

Population: 12,466  ·  Density: 58.2/mi²  ·  Median household income: $54,514

Typical home value: $138,885  ·  Homeownership: 63.5%

Market Overview

Active Listings
56
⇩ 3.4% vs 58 last year
Pending
12
21% pending ratio
Median Price
$247,900
⇩ 6.4% vs $264,800 last year
Average Price
$273,686
⇧ 1% vs $270,992 last year
Days on Market
49
⇧ 6.5% vs 46 days last year

Price Per Square Foot

Median $/sqft
$148
⇩ 3.3% vs $153/sqft last year
Median Home Size
1,726 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 58 last year
  • Days on market: 49 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $247,900 (-6.4% YoY)
  • Average: $273,686 (+1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.5 miles — 509 listings ($176,070,856 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38358Milan, TN 383580.0 mi45$11,291,310$199,900$250,918
38220Atwood, TN 382206.9 mi9$2,282,490$189,675$253,610
38258Trezevant, TN 3825810.9 mi3$1,176,999$299,000$392,333
38343Humboldt, TN 3834311.3 mi77$25,590,950$287,450$332,350
38382Trenton, TN 3838213.5 mi28$5,992,476$193,650$214,017
38305Jackson, TN 3830514.9 mi231$96,607,203$345,000$418,213
38337Gadsden, TN 3833716.8 mi7$3,925,572$519,450$560,796
38369Rutherford, TN 3836918.8 mi10$2,115,560$172,450$211,556
38201McKenzie, TN 3820119.1 mi54$15,527,106$259,900$287,539
38229Gleason, TN 3822922.6 mi10$2,738,210$179,000$273,821
38255Sharon, TN 3825523.1 mi6$2,344,800$369,500$390,800
38001Alamo, TN 3800123.3 mi19$4,818,210$237,425$253,590
38233Kenton, TN 3823325.5 mi10$1,659,970$116,175$165,997

Frequently Asked Questions

How many homes are for sale in MILAN, TN 38358?

As of September 2026, there are 56 active listings in MILAN, TN (zip code 38358), compared to 58 the prior year.

What is the median home price in MILAN, TN 38358?

The median listing price in MILAN, TN 38358 is $247,900 as of September 2026, a 6.4% decrease from $264,800 the prior year.

How long do homes stay on the market in MILAN, TN?

Homes in MILAN, TN 38358 spend an average of 49 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in MILAN, TN 38358?

Based on current inventory and days-on-market data as of September 2026, MILAN, TN 38358 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 49 days on market compared to 46 days last year.

How much can I save on real estate commission in MILAN, TN?

With SELL123.com's maximum 3% commission, sellers in MILAN, TN 38358 save an estimated $4,958 compared to a typical 5% commission on the median listing price of $247,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.