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MILAN, NM 87021

Real Estate Market Report  ·  Cibola County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
6
vs 6 last year
Pending
2
33% pending ratio
Median Price
$82,000
⇩ 53.1% vs $175,000 last year
Average Price
$140,498
⇩ 24% vs $184,800 last year
Days on Market
204
⇧ 151.9% vs 81 days last year

Market Context

Population: 2,793  ·  Density: 107.5/mi²  ·  Median household income: $37,458

Typical home value: $0  ·  Homeownership: 60.5%

Market Analysis

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

The MILAN, NM real estate market (87021) currently shows 6 active listings, with 2 pending sales. Homes are averaging 204 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 204 days on market compared to 81 days last year.

The median listing price has fallen 53.1% year-over-year, from $175,000 to $82,000.

Whether you are buying or selling in MILAN, NM, 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
  • Days on market: 204 now vs 81 last year

Median & Average Pricing

Year over Year
  • Median: $82,000 (-53.1% YoY)
  • Average: $140,498 (-24% 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 71.8 miles — 733 listings ($333,094,410 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
87021Milan, NM 870210.0 mi6$842,988$82,000$140,498
87051San Rafael, NM 870519.5 mi1$90,000$90,000$90,000
87045Prewitt, NM 8704515.5 mi5$1,543,750$138,500$308,750
87323Thoreau, NM 8732324.0 mi6$891,480$145,000$148,580
87321Ramah, NM 8732130.7 mi9$4,012,587$399,000$445,843
87315Fence Lake, NM 8731552.8 mi4$1,330,500$332,250$332,625
87317Gamerco, NM 8731755.4 mi1$164,500$164,500$164,500
87013Cuba, NM 8701357.6 mi3$638,901$199,900$212,967
87827Pie Town, NM 8782759.2 mi10$6,230,000$465,000$623,000
87124Rio Rancho, NM 8712461.7 mi219$100,859,136$418,265$460,544
87120Albuquerque, NM 8712063.5 mi217$113,838,200$442,000$524,600
87105Albuquerque, NM 8710569.3 mi84$34,239,576$362,500$407,614
87031Los Lunas, NM 8703171.8 mi168$68,412,792$365,990$407,219

Frequently Asked Questions

How many homes are for sale in MILAN, NM 87021?

As of January 2026, there are 6 active listings in MILAN, NM (zip code 87021), compared to 6 the prior year.

What is the median home price in MILAN, NM 87021?

The median listing price in MILAN, NM 87021 is $82,000 as of January 2026, a 53.1% decrease from $175,000 the prior year.

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

Homes in MILAN, NM 87021 spend an average of 204 days on the market before going under contract, compared to 81 days the prior year.

Is it a seller's or buyer's market in MILAN, NM 87021?

Based on current inventory and days-on-market data as of January 2026, MILAN, NM 87021 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 204 days on market compared to 81 days last year.

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

With SELL123.com's maximum 3% commission, sellers in MILAN, NM 87021 save an estimated $1,640 compared to a typical 5% commission on the median listing price of $82,000. 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.