47031 Home Values & Market Trends
There are 43 homes currently listed for 47031. 47031 real estate market trends show that home prices range from $219,900 to $425,000, and the median sales price in the 47031 zip code is $320,000. The total number of properties sold within the past twelve months is 19. In 47031, 2 properties are in foreclosure, 0 are bank owned properties,and 2 are headed for auction.
47031 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Milan | $ 320,000 $ 185/sqft |
Housing Market Summary for 47031
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $285K | $285K | - |
| Median Sold Price | $528.7K | $229.8K | -56.53% |
| Homes For Sale | 22 | 43 | 95.45% |
| Homes Sold | 1 | 12 | 1100.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 47031
Browse Homes in 47031
The median list price of a home in Milan, is $320,000. A total of 43 properties are for sale, and the percentage of properties for sale in the zip code is 43.00%. The total count of 47031 properties is 58.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 47031 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 47031; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 47031 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 47031. There is 1 cities within 47031; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsmilan has 2 auction properties, the highest number of properties going to auction in a single city in the state of 47031. Auction homes and other auction properties account for 3.45% of all properties in 47031. There is 1 cities within 47031; of that cities, the median estimated home value for homes going to auction ranges from $0 in milan to the lowest value of $0 in milan.
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Guide for 47031
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
