From July to September, 10 homes sold in Milan for a median price of $133,450. That's 16.9 percent higher than median home sale prices for the third quarter of 2017.
In the third quarter, there were no foreclosures in Milan.
Median property tax for homeowners in Milan was $3,185.66 in 2017 according to tax data from that year. That means homeowners pay 2.8 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: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
43
$112,320
-
2010
28
$117,420
4.5%
2011
30
$98,593
-16%
2012
32
$96,465
-2.2%
2013
43
$85,320
-11.6%
2014
35
$114,480
34.2%
2015
39
$107,060
-6.5%
2016
37
$99,750
-6.8%
2017
34
$114,189
14.5%
2018
10
$133,450
16.9%
Median property tax
Median sale price
Effective property tax rate
2014
$2,681.16
$114,480
2.3%
2015
$2,912.32
$107,060
2.7%
2016
$2,567.12
$99,750
2.6%
2017
$3,185.66
$114,189
2.8%
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