Data as of September 2026. Source: Realtor.com.
The MILAN, IN real estate market (47031) currently shows 11 active listings, with 2 pending sales. Homes are averaging 50 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 50 days on market compared to 43 days last year.
The median listing price has risen 11.6% year-over-year, from $257,500 to $287,400.
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 September 2026, there are 11 active listings in MILAN, IN (zip code 47031), compared to 13 the prior year.
The median listing price in MILAN, IN 47031 is $287,400 as of September 2026, a 11.6% increase from $257,500 the prior year.
Homes in MILAN, IN 47031 spend an average of 50 days on the market before going under contract, compared to 43 days the prior year.
Based on current inventory and days-on-market data as of September 2026, MILAN, IN 47031 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 50 days on market compared to 43 days last year.
With SELL123.com's maximum 3% commission, sellers in MILAN, IN 47031 save an estimated $5,748 compared to a typical 5% commission on the median listing price of $287,400. 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.