Niles, MI 49120 Real Estate Market Report

ZIP Code: 49120
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Niles, MI is currently $180,000, reflecting stable transaction activity despite some indications of minor year-over-year decreases. The neighborhood has experienced a flat price trend, suggesting a balanced market where pricing remains steady. However, the elevated median days on market at 231 days may indicate slower sales velocity, which could be a factor for potential sellers to consider when pricing their properties.

Market conditions are characterized by elevated inventory levels relative to sales activity, leading to a neutral market temperature. This suggests that while there is a reasonable amount of supply, the demand is not strong enough to create upward pressure on prices. The rental market, however, shows strength with a median market rent of $1,194, indicating a robust demand for rental properties in the area, which may attract investors looking for rental opportunities.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $180,000 indicates stable market conditions despite a flat price trend.

2. With 231 days on market, properties are experiencing slower sales velocity, which may suggest a need for competitive pricing strategies.

3. Elevated inventory levels relative to sales activity indicate excess supply, potentially leading to pricing friction for sellers.

4. The median market rent of $1,194 reflects strong rental demand, which could be appealing for investors in the area.

5. Overall, the market temperature is neutral, suggesting balanced conditions without significant upward or downward pressure on prices.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.