If you use a World Masters Athletics Age Grading calculator like this one. http://www.howardgrubb.co.uk/athletics/wmalookup06.html You would score a 50% grade for running an 8:41 1-mile race as a 53 year old male. I can't say that is "average", but it is a close approximation. To score a 60%, which is typically considered the minimum for a "local competitive" type of runner, a 53 year old would need to run a 7:14 in a one mile race. A 70% is widely considered "regional", and an 80% is widely considered the entry point for national class. You can also see what times are necessary for longer races in case you were looking for the average min/mile pace for a 53 male in a 5K or some other type of race.
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I'm a competitive runner aged 48 and believe the answer to this question varies wildly. If you went to a neighborhood 5K race and asked all the 48 year old men how fast they can run a mile, you would probably hear anything from 5:30 to 7:30 minutes. If you went to a National Master's Track & Field Championship event you might see a 48 year old run a 4:35 mile (or faster). To answer your question specifically: What can an average 48 year old man run a mile in? Taking into consideration your average 48 year old citizen (who doesn't necessarily run) will run a mile between 7:30-10:00.
A select few "older" middle aged elete guys can run the socks off an average teenager.