Niles, MI Home Values & Market Trends
Real estate market trends reflect that there have been 642 transactions over the past year in Niles. The median value for residential home transactions that occurred over the previous year is $235,094. The number of current listings in Niles is 640, and the percentage of properties for sale in the city is 640.00%. Niles, MI currently has 27 properties in foreclosure, 11 bank owned properties, 16 properties headed for auction, and 640 properties for sale.
Niles, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 49120 | $ 235,094 $ 176/sqft |
Housing Market Summary for Niles, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $229K | $239.9K | 4.76% |
| Median Sold Price | $200.5K | $219.3K | 9.37% |
| Homes For Sale | 633 | 638 | 0.79% |
| Homes Sold | 318 | 201 | -36.79% |
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, MI
Browse Homes in Niles, MI
Niles home values range from $37,643 to $1,700,000. The median estimated value of a home in Niles is $235,094. The median list price of a home is 239,900, and the total count of properties in the city is 887.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Niles, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Niles, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Niles, MI ranges from the highest value of $314,288 in 49120 to the lowest value of $37,643 in 49120. Bank owned homes and properties account for 1.24% of properties in Niles, MI. There is 1 zips within Niles, MI; 49120 containing 11 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49120 has 16 auction properties, the highest number of properties going to auction in a single zip in the state of Niles, MI. Auction homes and other auction properties account for 1.80% of all properties in Niles, MI. There is 1 zips within Niles, MI; of that zips, the median estimated home value for homes going to auction ranges from $316,465 in 49120 to the lowest value of $120,000 in 49120.
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Guide for Niles, MI
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.
