Data as of April 2026. Source: Realtor.com.
The MILAN, IN real estate market (47031) currently shows 14 active listings, with 4 pending sales. Homes are averaging 86 days on the market before going under contract.
Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.
Homes are taking longer to sell, averaging 86 days on market compared to 20 days last year.
The median listing price has risen 45.5% year-over-year, from $238,750 to $347,400.
Whether you are buying or selling in MILAN, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
Population: 5,422 · Density: 33.0/mi² · Median household income: $64,500
Typical home value: $187,473 · Homeownership: 75.5%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 47031 | Milan, IN 47031 | 0.0 mi | 13 | $4,409,756 | $310,000 | $339,212 |
| 47041 | Sunman, IN 47041 | 8.3 mi | 10 | $5,449,330 | $434,450 | $544,933 |
| 47042 | Versailles, IN 47042 | 9.7 mi | 4 | $1,870,552 | $404,975 | $467,638 |
| 47001 | Aurora, IN 47001 | 11.6 mi | 24 | $6,848,568 | $260,000 | $285,357 |
| 47022 | Guilford, IN 47022 | 12.1 mi | 4 | $2,049,000 | $512,250 | $512,250 |
| 47025 | Lawrenceburg, IN 47025 | 15.0 mi | 55 | $21,702,120 | $327,498 | $394,584 |
| 41080 | Petersburg, KY 41080 | 18.2 mi | 3 | $1,874,625 | $612,250 | $624,875 |
| 47036 | Oldenburg, IN 47036 | 18.3 mi | 2 | $597,000 | $298,500 | $298,500 |
| 47060 | West Harrison, IN 47060 | 18.8 mi | 5 | $2,151,460 | $442,975 | $430,292 |
| 45052 | North Bend, OH 45052 | 20.1 mi | 4 | $3,890,000 | $972,500 | $972,500 |
| 47240 | Greensburg, IN 47240 | 22.1 mi | 68 | $19,478,464 | $254,725 | $286,448 |
| 41005 | Burlington, KY 41005 | 22.5 mi | 67 | $23,244,377 | $338,725 | $346,931 |
| 45002 | Cleves, OH 45002 | 23.0 mi | 34 | $20,061,802 | $514,323 | $590,053 |
As of April 2026, there are 14 active listings in MILAN, IN (zip code 47031), compared to 8 the prior year.
The median listing price in MILAN, IN 47031 is $347,400 as of April 2026, a 45.5% increase from $238,750 the prior year.
Homes in MILAN, IN 47031 spend an average of 86 days on the market before going under contract, compared to 20 days the prior year.
Based on current inventory and days-on-market data as of April 2026, MILAN, IN 47031 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 86 days on market compared to 20 days last year.
With SELL123.com's maximum 3% commission, sellers in MILAN, IN 47031 save an estimated $6,948 compared to a typical 5% commission on the median listing price of $347,400. 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.