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MILAN, MN 56262

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

Market Analysis

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

The MILAN, MN real estate market (56262) currently shows 1 active listings. Homes are averaging 23 days on the market before going under contract.

Whether you are buying or selling in MILAN, MN, 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.

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Market Context

Market Context

Population: 693  ·  Density: 3.9/mi²  ·  Median household income: $80,625

Typical home value: $103,627  ·  Homeownership: 89.5%

Market Overview

Active Listings
1
Pending
0
0% pending ratio
Median Price
$40,000
Average Price
$40,000
Days on Market
23

Market Trends

Inventory & Days on Market

Year over Year

Median & Average Pricing

Year over Year

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 34.3 miles — 85 listings ($20,620,339 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
56262Milan, MN 562620.0 mi1$40,000$40,000$40,000
56208Appleton, MN 5620810.8 mi14$2,597,644$169,900$185,546
56231Danvers, MN 5623111.9 mi1$86,500$86,500$86,500
56256Madison, MN 5625617.6 mi9$1,794,285$194,925$199,365
56218Boyd, MN 5621820.8 mi2$838,000$419,000$419,000
56212Bellingham, MN 5621222.3 mi2$338,000$169,000$169,000
56244Hancock, MN 5624425.3 mi3$622,350$207,450$207,450
56241Granite Falls, MN 5624126.6 mi14$3,489,010$228,750$249,215
56207Alberta, MN 5620728.0 mi1$78,500$78,500$78,500
56267Morris, MN 5626732.1 mi14$2,764,650$176,975$197,475
56381Starbuck, MN 5638133.7 mi13$5,554,900$333,500$427,300
56220Canby, MN 5622034.2 mi9$1,651,500$152,500$183,500
56279Pennock, MN 5627934.3 mi2$765,000$382,500$382,500

Frequently Asked Questions

How many homes are for sale in MILAN, MN 56262?

As of March 2026, there are 1 active listings in MILAN, MN (zip code 56262).

What is the median home price in MILAN, MN 56262?

The median listing price in MILAN, MN 56262 is $40,000 as of March 2026.

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

Homes in MILAN, MN 56262 spend an average of 23 days on the market before going under contract.

Is it a seller's or buyer's market in MILAN, MN 56262?

Based on current inventory and days-on-market data as of March 2026, MILAN, MN 56262 is currently a Balanced Market.

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

With SELL123.com's maximum 3% commission, sellers in MILAN, MN 56262 save an estimated $800 compared to a typical 5% commission on the median listing price of $40,000. 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.