Why Live in Milan
Buyers seek homes in Milan for its expansive rural atmosphere, as the town has around 2,500 residents spread across 36 square miles. Despite hosting the occasional local diner, most folks in Milan venture to neighboring villages like Red Hook for any shopping and dining needs. “It’s more rural farmland and woods. Over the last 2 years, [the market here] has been popular for second homes,” says Brad Rebillard, a longtime Dutchess County local and broker-owner with Dutchess Country Realty. “And areas like Red Hook and Rhinebeck have exploded over the years as well.” Homes range from $400,000 to $2 million, varying by square footage, lot size and age. On the lower end of the price range are midcentury split-levels, ramblers and Cape Cods from the 1950s through the 1990s, sitting along winding, pastoral roads. There are also a handful of older prewar cottages as well as contemporary and Craftsman-style residences built in the last decade. Many homes come with an acre or more of land, with double-digit acreage available with homes above the $1 million mark. Some residents try to utilize their large plots of land to get benefits from the county’s Agricultural Assessment Program. “People
Home Trends in Milan, NY
On average, homes in Milan, Red Hook sell after 89 days on the market compared to the national average of 51 days. The median sale price for homes in Milan, Red Hook over the last 12 months is $792,500, up 32% from the median home sale price over the previous 12 months.
Median Sale Price
$792,500
Median Single Family Sale Price
$850,000
Average Price Per Sq Ft
$390
Number of Homes for Sale
20
Last 12 months Home Sales
38
Median List Price
$985,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
32%