Niles, IL Home Values & Market Trends
Real estate market trends reflect that there have been 432 transactions over the past year in Niles. The median value for residential home transactions that occurred over the previous year is $445,361. The number of current listings in Niles is 263, and the percentage of properties for sale in the city is 263.00%. Niles, IL currently has 24 properties in foreclosure, 3 bank owned properties, 1 properties headed for auction, and 263 properties for sale.
Niles, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60714 | $ 445,361 $ 324/sqft |
Housing Market Summary for Niles, IL
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $390K | $389K | -0.26% |
| Median Sold Price | $409.5K | $407.3K | -0.55% |
| Homes For Sale | 190 | 263 | 38.42% |
| Homes Sold | 234 | 191 | -18.38% |
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 Niles, IL
Browse Homes in Niles, IL
Niles home values range from $141,137 to $1,250,000. The median estimated value of a home in Niles is $445,361. The median list price of a home is 389,000, and the total count of properties in the city is 500.
- Pre-ForeclosurePre-foreclosure homes account for 4.00% of all residential properties in Niles, IL with 60714 containing 20 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Niles, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $894,241 in 60714 to the lowest home value of $223,489 in 60714.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Niles, IL ranges from the highest value of $604,459 in 60714 to the lowest value of $396,735 in 60714. Bank owned homes and properties account for 0.60% of properties in Niles, IL. There is 1 zips within Niles, IL; 60714 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60714 has 1 auction properties, the highest number of properties going to auction in a single zip in the state of Niles, IL. Auction homes and other auction properties account for 0.20% of all properties in Niles, IL. There is 1 zips within Niles, IL; of that zips, the median estimated home value for homes going to auction ranges from $395,759 in 60714 to the lowest value of $395,759 in 60714.
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Guide for Niles, IL
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.
