Home ValuePros

Market Intelligence · TN / Milan

Milan, TN 38358 Housing Market

The typical home value in Milan, TN 38358 is $188,415, up 1.9% over the past year. The median list price stands at $239,900, with homes spending 44 days on the market before sale.

Updated August 2026Median value$187K

The median home value in Milan, TN 38358 is $187K as of August 2026, up 1.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 38358 range

$172K to $202K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.8% over 12 months

Typical home value in 38358 over the last 12 months: $184K in Aug 2025 to $187K in Aug 2026 (+1.8%).

Aug 2025$184K

Aug 2026$187K

The numbers

What is the 38358 housing market like?

Typical home value

$187K

Up1.8%YoY

Median list price

$240K

Down4.0%MoM

Days on market

44

Down12.0%MoM

Homes for sale

41

Up28.1%MoM

Price cuts

6.3%

Down44.2%MoM

New listings

24

Up71.4%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 38358 home prices compare?

  • 38358$187,228
  • Milan$187,228
  • Tennessee$270,768
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Milan: 1 ZIPs; Tennessee: 587 ZIPs; United States: 26,265 ZIPs).

Context

Milan's inventory is modest, with 41 homes for sale as of August 2026 and 24 new listings. The median asking price of $239,900 sits noticeably above the typical home value of $188,415, suggesting some listings are priced optimistically. At 44 days on market, homes are moving at a moderate pace. Only 6.3% of listings have seen price cuts, a relatively low share given the gap between list and typical value. Sellers should expect to price competitively and be prepared for a methodical selling timeline.

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