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MILAN, MO 63556

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

Market Overview

Active Listings
13
⇧ 8.3% vs 12 last year
Pending
3
23% pending ratio
Median Price
$119,000
⇩ 38.7% vs $194,175 last year
Average Price
$215,485
⇩ 2.9% vs $221,907 last year
Days on Market
150
⇧ 38.9% vs 108 days last year

Market Context

Population: 3,380  ·  Density: 5.4/mi²  ·  Median household income: $55,698

Typical home value: $95,698  ·  Homeownership: 69.5%

Market Analysis

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

The MILAN, MO real estate market (63556) currently shows 13 active listings, with 3 pending sales. Homes are averaging 150 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 150 days on market compared to 108 days last year.

The median listing price has fallen 38.7% year-over-year, from $194,175 to $119,000.

Whether you are buying or selling in MILAN, MO, 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: 13 this year vs 12 last year
  • Days on market: 150 now vs 108 last year

Median & Average Pricing

Year over Year
  • Median: $119,000 (-38.7% YoY)
  • Average: $215,485 (-2.9% 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 36.1 miles — 63 listings ($16,891,920 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
63556Milan, MO 635560.0 mi13$2,801,305$119,000$215,485
64630Browning, MO 6463010.2 mi3$1,795,500$598,500$598,500
63544Green Castle, MO 6354414.8 mi2$561,234$351,950$280,617
64652Laredo, MO 6465219.6 mi1$119,900$119,900$119,900
64653Linneus, MO 6465320.5 mi2$2,180,000$1,090,000$1,090,000
64679Spickard, MO 6467924.8 mi2$580,000$290,000$290,000
64628Brookfield, MO 6462826.9 mi23$5,335,793$148,750$231,991
64631Bucklin, MO 6463128.0 mi3$898,500$299,500$299,500
52549Cincinnati, IA 5254931.1 mi4$713,068$89,900$178,267
52590Seymour, IA 5259033.4 mi5$632,500$121,250$126,500
63561Queen City, MO 6356134.2 mi2$734,220$367,110$367,110
52555Exline, IA 5255535.4 mi2$420,000$210,000$210,000
63558New Cambria, MO 6355836.1 mi1$119,900$119,900$119,900

Frequently Asked Questions

How many homes are for sale in MILAN, MO 63556?

As of January 2026, there are 13 active listings in MILAN, MO (zip code 63556), compared to 12 the prior year.

What is the median home price in MILAN, MO 63556?

The median listing price in MILAN, MO 63556 is $119,000 as of January 2026, a 38.7% decrease from $194,175 the prior year.

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

Homes in MILAN, MO 63556 spend an average of 150 days on the market before going under contract, compared to 108 days the prior year.

Is it a seller's or buyer's market in MILAN, MO 63556?

Based on current inventory and days-on-market data as of January 2026, MILAN, MO 63556 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 150 days on market compared to 108 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MILAN, MO 63556 save an estimated $2,380 compared to a typical 5% commission on the median listing price of $119,000. 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.