47031 Real Estate Market

47031 Market

The median sale price for homes in 47031 over the last 12 months is $82,750.


The median mortgage debt is $90,010.

Additional Statistics for Single Family Homes and Condos in Milan, IN
$159,900
Median Listing Price
103
Median Days on Market
15
Active Listings
6.7%
Distressed Listings
(foreclosures and short sales)
47031 (Milan, IN) Price Trends - Sold vs. Listed
The median list price in May for single family homes in Milan is $159,900. The list prices increased by 18.53% from the previous month.

The price per square foot for listings in this area is $56.

The median sale price in February for single family homes is $61,423. The sale prices dropped by -60.37% from the previous month.

The price per square foot for sales in this area is $42.

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47031 (Milan, IN) Market Inventory Trends

The number of active listings in Milan dropped by 21.1% from the previous month.

The median number of days active properties have been listed is 103.

The number of sales in February dropped by 80% from the previous month.

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47031 (Milan, IN) Property Ownership

This chart shows home occupancy within an area.

A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.

High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.

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Neighborhood and valuation information provided by Onboard Informatics ©2012 Onboard informatics. Information deemed reliable but not guaranteed.