Altos Market Data for Realtors

Niles, IL

Single-Family Homes

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Niles, IL

Tue Jul 01 2025
This week the median list price for Niles, IL is $574,500 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has held steady at or around 18. 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.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since 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 Jul 01 2025
This week the median list price for Niles, IL is $574,500 with the market action index hovering around 60. This is an increase over last month's market action index of 59. Inventory has held steady at or around 18. 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.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since 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 $574,500
Median Price of New Listings $469,900
Per Square Foot $295
Average Days on Market 44
Median Days on Market 21
Price Decreased 28%
Price Increased 0%
Relisted 11%
Inventory 18
Median Rent
Market Action 60
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$799,500 2,600 - 4 3 70 0 3 35
$624,250 2,975 4,500 - 6,500 sqft 4 3 60 1 1 7
$478,000 1,898 - 3 2 61 1 2 91
$402,500 1,098 - 3 2 69 1 1 7