From April to June, 6 homes sold in Milan for a median price of $92,000. That's 2.8 percent higher than median home sale prices for the second quarter of 2017.
In the second quarter, there were no foreclosures in Milan.
Median property tax for homeowners in Milan was $2,569.91 in 2017 according to tax data from that year. That means homeowners pay 2.9 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.
Milan real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
26
$80,730
-
2010
37
$123,120
52.5%
2011
28
$90,400
-26.6%
2012
24
$112,815
24.8%
2013
24
$124,740
10.6%
2014
24
$93,810
-24.8%
2015
42
$91,690
-2.3%
2016
50
$100,275
9.4%
2017
56
$89,505
-10.7%
2018
6
$92,000
2.8%
Median property tax
Median sale price
Effective property tax rate
2014
$2,688.18
$93,810
2.9%
2015
$2,702.78
$91,690
2.9%
2016
$2,639.44
$100,275
2.6%
2017
$2,569.91
$89,505
2.9%
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