Market Intelligence Report — MI-660

Niles, MI

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-MI-08
As of the latest 2026 data
Stabilizing

Median Listing

$412K
-3.9% YoY

Pending Ratio

0.51
-15.7% YoY

Active Inventory

531
+23.2% YoY

Median DOM

49 Days
-13.4% YoY

Primary Intelligence Tool — Sold Score™

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Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Niles, MI.

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The Niles market exhibits stabilizing conditions, with a pending ratio of 0.51, reflecting a balanced absorption of available supply. Active listings have expanded by 23.2% year-over-year, indicating an increase in inventory relative to the prior period.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

4.9%-0.8 pp YoY

Unemployment rate · Jul 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

152,444+0.0% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Niles market right now.

Inventory levels have seen a notable increase, with active listings up 23.2% over the past year and new listings rising by 10.7%. Despite this, the median days on market has decreased by 13.4% year-over-year, suggesting properties are still moving off-market with relative efficiency. The pending ratio has declined by 15.7% from the prior year, yet remains at a level that supports a stabilizing market environment. Median listing prices have experienced a modest year-over-year decline of 3.9%.

Historical Analysis

Market Trends

Median Price

$412K-3.7% MoM

Active Inventory

531+23.2% YoY

Days on Market

49-13.4% YoY

Sold Score™

56-15.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

56
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Current dynamics suggest a market where pricing discipline is becoming more pronounced due to an expansion in available inventory. While properties continue to absorb at a reasonable pace, the increase in active listings may offer more latitude for negotiations. The elevated pending ratio indicates consistent demand absorption relative to supply, moderating the intensity of competition.

Luxury Segment

A significant divergence exists between average and median listing prices, with the average declining 13.6% year-over-year while the median shows a 3.9% year-over-year decrease. This disparity, coupled with a minimal 0.5% year-over-year gain in median $/sqft, suggests some softening within the higher-priced segments of the market.

Supply Dynamics

531 active listings represent the current floor, with new supply arriving at roughly 248 per month.

Pricing Pressure
21.5%

of active listings carry a price reduction, +2.4% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.5% year-over-year.

Absorption
0.51

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Niles, MI? Homes here are taking 8 days less to sell than last year.

Niles, MI is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
51%
Median Days on Market
49 days
Inventory YoY
+23%

Niles, MI is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

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Metro Demographics

Metro Area
Niles, MI
CBSA Code
35660
State
MI

ZIPs in Niles, MI

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Niles?+

    As of the latest 2026 data, the Niles metro is classified as Stabilizing. Pending ratio is 0.51 with median days on market at 49.

  • Are home prices dropping in Niles?+

    Median listing price is $412K, -3.9% year over year. 21.5% of active listings carry a price reduction.

  • How fast are homes selling in Niles?+

    The typical listing sits 49 days on market, a -13.4% change YoY. New listings are arriving at 248 per month.

  • What's happening in the Niles luxury market?+

    A significant divergence exists between average and median listing prices, with the average declining 13.6% year-over-year while the median shows a 3.9% year-over-year decrease. This disparity, coupled with a minimal 0.5% year-over-year gain in median $/sqft, suggests some softening within the higher-priced segments of the market.

  • Where can I find a trusted Niles real estate expert?+

    Primpted maintains a vetted registry of Niles agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 35660 · 36mo history