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Avery (Avrey) Franklin Flats (The Franklin Flats) Milan Milan Township North Milan (N. Milan) Oxford Township (Oxford) Spears Corners (Speer's Corner)

MILAN, OH 44846

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

Neighborhoods in ZIP 44846

Avery (Avrey) · Franklin Flats (The Franklin Flats) · Milan · Milan Township · North Milan (N. Milan) · Oxford Township (Oxford) · Spears Corners (Speer's Corner)

Market Analysis

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

The MILAN, OH real estate market (44846) currently shows 7 active listings, with 3 pending sales. Homes are averaging 51 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 51 days on market compared to 40 days last year.

The median listing price has fallen 7.4% year-over-year, from $399,500 to $369,950.

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Market Context

Market Context

Population: 3,416  ·  Density: 59.1/mi²  ·  Median household income: $82,316

Typical home value: $195,148  ·  Homeownership: 83.7%

Market Overview

Active Listings
7
— vs 7 last year
Pending
3
43% pending ratio
Median Price
$369,950
⇩ 7.4% vs $399,500 last year
Average Price
$391,367
⇩ 20.3% vs $490,807 last year
Days on Market
51
⇧ 27.5% vs 40 days last year

Price Per Square Foot

Median $/sqft
$216
⇧ 13.1% vs $191/sqft last year
Median Home Size
1,575 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%
— vs 1% last year
12-Month Price Reduction Trend

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 51 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $369,950 (-7.4% YoY)
  • Average: $391,367 (-20.3% 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 22.2 miles — 286 listings ($125,211,982 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
44846Milan, OH 448460.0 mi7$3,456,740$449,900$493,820
44857Norwalk, OH 448576.9 mi42$13,837,698$269,950$329,469
44847Monroeville, OH 448477.9 mi3$667,350$148,675$222,450
44826Collins, OH 448268.5 mi4$1,269,600$317,400$317,400
44889Wakeman, OH 4488912.7 mi14$6,907,572$375,000$493,398
44089Vermilion, OH 4408913.6 mi92$63,994,924$485,500$695,597
44855North Fairfield, OH 4485514.7 mi2$309,900$154,950$154,950
44890Willard, OH 4489017.1 mi21$5,367,264$209,675$255,584
43464Vickery, OH 4346417.8 mi3$825,000$275,000$275,000
43410Clyde, OH 4341018.2 mi12$2,428,764$187,950$202,397
44074Oberlin, OH 4407419.4 mi27$9,491,283$365,000$351,529
44053Lorain, OH 4405321.5 mi55$15,746,555$266,725$286,301
44807Attica, OH 4480722.2 mi4$909,332$242,500$227,333

Frequently Asked Questions

How many homes are for sale in MILAN, OH 44846?

As of September 2026, there are 7 active listings in MILAN, OH (zip code 44846), compared to 7 the prior year.

What is the median home price in MILAN, OH 44846?

The median listing price in MILAN, OH 44846 is $369,950 as of September 2026, a 7.4% decrease from $399,500 the prior year.

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

Homes in MILAN, OH 44846 spend an average of 51 days on the market before going under contract, compared to 40 days the prior year.

Is it a seller's or buyer's market in MILAN, OH 44846?

Based on current inventory and days-on-market data as of September 2026, MILAN, OH 44846 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 51 days on market compared to 40 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MILAN, OH 44846 save an estimated $7,399 compared to a typical 5% commission on the median listing price of $369,950. 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.