Property-price guide · June 2026
Milan property prices, clearly explained.
See what two listing sites are asking, how the asking-price series has changed since January 2024, and how those figures differ from official OMI ranges and the likely price of one home.
Start with the label
Three price labels you will see.
These numbers answer different questions. Keeping them separate makes the rest of the page much easier to use.
Listing-site asking price
What sellers or agents advertise. It is not the price a buyer ultimately pays.
Official OMI range
A broad government reference range for a zone, home type, and condition. It is not an appraisal or a list of completed sales.
Estimate for one home
A home-specific view based on its documents, building, condition, floor, light, occupancy, exact location, and comparable properties.
Latest market numbers
€5,165/m²idealista advertised asking price · June 2026
+3.6%change in the idealista series since January 2024
€5,420/m²combined asking indicator · 50% idealista and 50% Immobiliare.it
Latest OMI period checked: 2025 H2. Listing-site prices are advertised asking prices. OMI figures are broad official ranges. Neither tells you what a home sold for or what a particular home is worth. Download the source data and calculation notes.
Current asking prices
June 2026 asking prices from two listing sites.
Both figures describe advertised homes across Milan. They do not show completed sale prices or the value of a particular property.
Combined asking indicator
€5,420/m²
Half idealista and half Immobiliare.it, rounded to the nearest euro. This is a simple listing-site comparison, not a sale-price estimate.
idealista asking price
€5,165/m²
Advertised asking-price indicator for Milan in June 2026.
Immobiliare.it asking price
€5,675/m²
Advertised residential asking-price indicator for Milan in June 2026. The two sites differ by €510/m².
Price month: June 2026 · Sources checked: July 17, 2026 · Unit: euros per square meter (€/m²).
30-month asking-price trend
How the idealista asking-price series has changed.
The index compares the same publisher and city definition over time. January 2024 is set to 100, so 103.6 means the June 2026 asking-price indicator was 3.6% higher.
idealista asking-price trend
January 2024 = 100
January 2024–June 2026
Read the index above each bar. Bar heights start at zero so small changes are not exaggerated; the table below gives the exact price and percentage change.
In this series, Milan was nearly flat through June 2024, rose through early 2026, and ended June 2026 at €5,165/m²—3.6% above January 2024.
| Date | Asking price (€/m²) | Index (Jan 2024 = 100) | Change since Jan 2024 |
|---|---|---|---|
| Jan 2024 | €4,986 | 100.0 | 0.0% |
| Jun 2024 | €4,987 | 100.0 | 0.0% |
| Jan 2025 | €5,037 | 101.0 | +1.0% |
| Jun 2025 | €5,104 | 102.4 | +2.4% |
| Jan 2026 | €5,183 | 104.0 | +4.0% |
| Jun 2026 | €5,165 | 103.6 | +3.6% |
The full 30-month series is available in the downloadable source data.
Official figures, kept separate
How Milan's OMI reference has changed.
For each Milan OMI area, this reference takes the middle of its published range. It then uses the middle value across all areas, giving each area equal weight. It shows broad movement in official price ranges—not completed sale prices or the value of one home.
Milan OMI reference trend
2023 H2 = 100
5 half-year periods
Read the index above each bar. Bar heights start at zero so small changes are not exaggerated. On a small screen, swipe or use the arrow keys if the chart extends beyond the frame.
This reference moved from 100.0 in 2023 H2 to 111.5 in 2025 H2, a rise of 11.5 points. Every OMI area counts equally, so this does not describe the return or value of every Milan home.
| Period | Middle value across OMI areas (€/m²) | Index (2023 H2 = 100) | OMI areas included |
|---|---|---|---|
| 2023 H2 | €3,588 | 100.0 | 40 of 40 |
| 2024 H1 | €3,675 | 102.4 | 40 of 40 |
| 2024 H2 | €3,900 | 108.7 | 42 of 42 |
| 2025 H1 | €3,975 | 110.8 | 42 of 42 |
| 2025 H2 | €4,000 | 111.5 | 42 of 42 |
How we calculate the figures
What is combined—and what stays separate.
The two listing-site figures cover the same city, month, unit, and advertised-price idea, so we combine them. Official OMI ranges measure something different and stay on their own.
Combined asking indicator
We record the Milan asking-price figure from idealista and Immobiliare.it for the same month. Each counts for half. The result is a simple comparison of two listing sites, not a sale-price estimate.
One equal figure per OMI zone
For each Milan OMI zone, we find the midpoint of the published range for the most common condition of standard homes (Abitazioni civili). We then take the median across all zones.
The first period is set to 100
The OMI series has five half-year periods. Every zone counts equally; sales volume, number of homes, and listing count are not used as weights. The first period is set to 100 so the direction is easy to compare.
Why there is no all-in-one index
Listing-site asks and OMI ranges are different measures.
OMI gives official zone ranges. Listing sites summarize the homes advertised on their platforms. Averaging those two types of number would make the result harder to understand.
The combined listing-site figure shows the current asking market. The separate OMI index shows broad movement in official zone ranges. Neither values an individual property.
OMI quotations are broad area ranges, not individual completed-sale prices, appraisals, or forecasts. The official area definitions, home categories, condition labels, and coverage can change. Listing sites also cover different homes and use different calculations. A specific home’s floor, exposure, lift, outdoor space, condition, occupancy, legal conformity, condominium position, and exact location can materially change the conclusion.
Area prices
One verified central Milan reference.
Citywide figures hide large differences from one street and building to the next. The shared source data currently includes one named Milan area for release monitoring, so this table stays intentionally short.
| Area and OMI zone | Official OMI range (€/m²) | Questions to check |
|---|---|---|
| Centro storico / Duomo · B12 | €8,700–€10,900 | Exact street, floor, light, condition, lift, occupancy, building works, and legal conformity |
This row comes from the 2025 H2 OMI release-watch entry in the shared property-market data. We do not add area asking prices unless the source, month, unit, and boundary can be checked.
How buyers can use the figures
Use city prices to plan a search—not to price one home.
Prices per square meter can help set a search range and shape better questions. They cannot replace checks on the home, building, documents, and exact location.
Start with the all-in funding plan
Separate the purchase price from taxes, notarial and professional fees, brokerage if payable, technical review, foreign exchange, financing costs, condominium works, immediate repairs, furnishing, and a contingency. The applicable taxes and costs depend on the seller, property classification, buyer facts, intended use, and transaction structure.
Compare like with like
Ask whether each number uses gross or net area, which spaces are counted, whether the home is renovated or merely staged, and whether the building has a lift, concierge, efficient systems, pending works, or unusual restrictions. A portal’s citywide average cannot normalize those facts for you.
Base negotiations on facts about the property
A buyer-side comparison should combine recent relevant listings, time on market where reliably available, building and street context, the technical condition, condominium records, legal and cadastral conformity, occupancy, and the seller’s documented position. Bring the chosen notary and appropriate independent technicians into the process before a binding proposal or preliminary contract.
U.S. buyer note
Keep the euro price and dollar funding plan on separate lines.
A USD budget can move even when the seller’s EUR price does not. Ask qualified cross-border tax and currency professionals about the timing, documentation, account reporting, and consequences relevant to your facts; NOTICE does not provide tax, investment, foreign-exchange, or financial advice.
Common questions
What the numbers can—and cannot—tell you.
What is the current Milan asking price?
For June 2026, idealista published €5,165/m² and Immobiliare.it published €5,675/m². The combined asking indicator is €5,420/m². These are advertised prices, not completed-sale averages.
Why do the listing sites report different prices?
Each site has different listings, property mix, duplicate handling, and calculation rules. The €510/m² gap shows why both inputs remain visible.
What is the Milan OMI index?
It summarizes the midpoints of broad official OMI zone ranges, giving every zone equal weight. It is not a completed-sale index, appraisal, or estimate for one home.
How is this page updated?
Sources are checked on the first of each month. Missing figures are not estimated, and OMI may remain unchanged between its twice-yearly releases.
Sources
Where the figures come from.
Source pages can revise their calculation rules, definitions, and earlier figures. Check the source date before reusing a number.
- 01Comune di Milano open-data extract of OMI quotations
Historical zone records, published under CC BY 4.0. Dataset record · CSV download
- 02Agenzia delle Entrate, OMI quotation service
Current semiannual zone ranges and official data-supply guidance. OMI consultation · data guide (PDF)
- 03idealista, Milan asking-price indicator
June 2026 citywide advertised asking-price input: €5,165/m². Publisher page · how idealista calculates its figures (PDF)
- 04Immobiliare.it, Milan residential asking-price indicator
June 2026 citywide advertised asking-price input: €5,675/m². Publisher page
Research and professional-services disclaimer
This guide and dataset provide general educational market research for U.S. persons considering Milan. They are not an appraisal, valuation, investment recommendation, offer, brokerage service, legal opinion, tax advice, mortgage advice, engineering or surveying conclusion, notarial advice, or guarantee of price, availability, condition, financing, or outcome. Data can be delayed, revised, incomplete, or non-comparable. Verify current source figures and every property-specific conclusion with independently engaged, appropriately qualified Italian and U.S. professionals before acting.
From city prices to one home
Apply the city numbers to the property.
NOTICE coordinates the questions, advisers, documents, and decision sequence around a U.S. buyer. It does not broker or value property.
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