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MILAN, IL 61264

Real Estate Market Report  ·  Rock Island County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
21
⇧ 16.7% vs 18 last year
Pending
7
33% pending ratio
Median Price
$157,000
⇩ 39.3% vs $258,750 last year
Average Price
$332,227
⇧ 16.2% vs $285,985 last year
Days on Market
68
⇧ 11.5% vs 61 days last year

Market Context

Population: 9,927  ·  Density: 55.7/mi²  ·  Median household income: $70,734

Typical home value: $149,328  ·  Homeownership: 77.8%

Market Analysis

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

The MILAN, IL real estate market (61264) currently shows 21 active listings, with 7 pending sales. Homes are averaging 68 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 68 days on market compared to 61 days last year.

The median listing price has fallen 39.3% year-over-year, from $258,750 to $157,000.

Whether you are buying or selling in MILAN, IL, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 21 this year vs 18 last year
  • Days on market: 68 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $157,000 (-39.3% YoY)
  • Average: $332,227 (+16.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.9 miles — 526 listings ($110,791,353 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61264Milan, IL 612640.0 mi21$6,976,767$157,000$332,227
61276Preemption, IL 612765.7 mi1$114,400$114,400$114,400
52802Davenport, IA 528027.3 mi45$6,362,145$106,400$141,381
61265Moline, IL 612658.0 mi121$21,715,144$144,900$179,464
52728Buffalo, IA 527288.0 mi5$297,750$51,750$59,550
61240Coal Valley, IL 612408.6 mi13$3,226,652$261,500$248,204
52803Davenport, IA 528039.9 mi86$15,125,508$150,000$175,878
52804Davenport, IA 5280410.5 mi84$18,595,332$180,000$221,373
52726Blue Grass, IA 5272612.1 mi16$6,481,696$406,317$405,106
52806Davenport, IA 5280613.3 mi70$20,692,910$280,000$295,613
61244East Moline, IL 6124413.4 mi43$7,315,289$166,200$170,123
61231Aledo, IL 6123114.4 mi20$3,787,860$142,450$189,393
61262Lynn Center, IL 6126214.9 mi1$99,900$99,900$99,900

Frequently Asked Questions

How many homes are for sale in MILAN, IL 61264?

As of January 2026, there are 21 active listings in MILAN, IL (zip code 61264), compared to 18 the prior year.

What is the median home price in MILAN, IL 61264?

The median listing price in MILAN, IL 61264 is $157,000 as of January 2026, a 39.3% decrease from $258,750 the prior year.

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

Homes in MILAN, IL 61264 spend an average of 68 days on the market before going under contract, compared to 61 days the prior year.

Is it a seller's or buyer's market in MILAN, IL 61264?

Based on current inventory and days-on-market data as of January 2026, MILAN, IL 61264 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 68 days on market compared to 61 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MILAN, IL 61264 save an estimated $3,140 compared to a typical 5% commission on the median listing price of $157,000. 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.