The Niles housing market is somewhat competitive. Homes in Niles receive 7 offers on average and sell in around 35 days. The median sale price of a home in Niles was $371K last month, up 12.4% since last year. The median sale price per square foot in Niles is $251, up 13.6% since last year.
In April 2024, Niles home prices were up 12.4% compared to last year, selling for a median price of $371K. On average, homes in Niles sell after 35 days on the market compared to 40 days last year. There were 22 homes sold in April this year, up from 21 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$371,000
+12.4% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
Niles, IL
$371,000
+12.4%
United States
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How hot is the Niles housing market?
Niles is somewhat competitive. Homes sell in 43 days.
0
100
61
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 43 days.
Hot homes
can sell for about 3% above list price and go pending in around 29 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Niles
Explore recent offers and recently sold homes in Niles
Recent offers
Offer Not Accepted|
4 Weeks Ago
~$250K Offer
Sold for $300K
3bd | 1.5ba | ~1,250sqft
Over List Price
30%
Days on Market
6
Competing Offers
10
Offer
All Cash
Nathan Freeborn
Niles Redfin Agent
Cash buyer bid 30% above the list price and waived the inspection. Unfortunately, winning offer was considerably stronger.…
More
Offer Not Accepted|
7 Weeks Ago
~$175K Offer
Sold for $200K
1bd | 1ba | ~1,000sqft
Over List Price
5%
Days on Market
3
Competing Offers
12
Down Payment
~20%
Marzena Frausto
Niles Redfin Agent
12 offers
- 5 were cash
- 7 mortgages
-11/12 were over asking.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Niles housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Niles.
Risk Factor
Flood Factor - Minor
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Niles has a minor risk of flooding. 706 properties in Niles are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Niles. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Niles has a minor risk of wildfire. There are 5 properties in Niles that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Niles.