Altos Market Data for Realtors

Niles, IL

Single-Family Homes

Schedule a demo today at AltosResearch.com


Niles, IL

Tue Sep 21 2021
This week the median list price for Niles, IL is $399,900 with the market action index hovering around 41. This is less than last month's market action index of 46. Inventory has held steady at or around 53. Click here to stay informed with the Niles market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Niles, IL

Tue Sep 21 2021
This week the median list price for Niles, IL is $399,900 with the market action index hovering around 41. This is less than last month's market action index of 46. Inventory has held steady at or around 53. Click here to stay informed with the Niles market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Niles market.
Median List Price $399,900
Median Price of New Listings $349,900
Per Square Foot $255
Average Days on Market 65
Median Days on Market 49
Price Decreased 55%
Price Increased 0%
Relisted 28%
Inventory 53
Median Rent $2,600
Market Action 41
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$639,900 2,705 6,500 - 8,000 sqft 4 3 40 0 0 42
$429,000 1,887 6,500 - 8,000 sqft 4 2 64 0 1 70
$379,900 1,252 4,500 - 6,500 sqft 3 2 64 2 2 28
$312,400 1,120 6,500 - 8,000 sqft 3 1 66 1 2 56