Niles, MI metro area Housing Market
Cold MarketComprehensive housing market data for the Niles, MI metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: January 2026
Median Sale Price
$247K
↓ 8.1% YoY
Days on Market
78 days
↑ 11.4% YoY
Active Inventory
378
↓ 17.3% YoY
Homes Sold
94
↓ 21.7% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Niles, MI metro area Market Summary
The Niles, MI metro area housing market is cooling down. As of January 2026, the median home sale price is $247K, down 8.1% year-over-year. Homes are spending a median of 78 days on the market, 11.4% longer than a year ago.
There are 378 homes for sale — 17.3% fewer than last year. With 4.0 months of supply, this is a balanced market. 111 new listings were added during this period, down 15.3% year-over-year.
Homes are selling for 96.0% of their list price on average, suggesting room for negotiation. 12.8% of homes sell above their asking price. 18.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
76
Contributing Factors
How This Market Compares
vs. National Median
vs. Michigan Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. Prices are 42% below the national median, which could indicate stronger cash flow potential.
Niles, MI metro area Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Price per Square Foot
Sale-to-List Ratio
New Listings
Listings with Price Drops
Detailed Market Metrics
Median List Price
$300K
Price per Sq Ft
$175
Sale-to-List Ratio
96.0%
Months of Supply
4.0
Sold Above List
12.8%
Price Drops
18.5%
New Listings
111
↓ 15.3% YoY
Pending Sales
116
Off Market in 2 Weeks
31.9%
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.