Market Intelligence Report — MI-660

Niles, MI

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

Ref. No: 2026-MI-09
As of the latest 2026 data
Stabilizing

Median Listing

$409K
-2.7% YoY

Pending Ratio

0.44
-17.8% YoY

Active Inventory

572
+25.5% YoY

Median DOM

54 Days
+7.5% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's stabilizing Niles market?

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 characteristics with a pending ratio of 0.44, indicating a balanced pace of demand absorption relative to available inventory. Active listings have expanded significantly, increasing by 25.5% over the past year, contributing to current inventory levels.

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

4.2%-0.3 pp YoY

Unemployment rate · Sep 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 growth remains a prominent feature, with active listings up 25.5% year-over-year and new listings increasing by 21.4%. The median listing price has seen a modest contraction of 2.7% over the past year, alongside a 0.7% month-over-month decline. The pending ratio currently stands at 0.44, representing a substantial 17.8% decrease year-over-year, suggesting a deceleration in the rate of demand absorption despite rising inventory.

Historical Analysis

Market Trends

Median Price

$409K-0.7% MoM

Active Inventory

572+25.5% YoY

Days on Market

54+7.5% YoY

Sold Score™

59-17.8% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

59
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

The expansion in active listings and new listings, coupled with a moderating pending ratio, suggests that price discipline is gaining importance. While demand persists, the increased supply is likely providing more optionality for demand, influencing the pace of transaction activity. Median days on market at 54 reflect a moderate absorption period.

Luxury Segment

The average listing price has declined by 15.4% year-over-year, significantly more than the 2.7% decline in the median listing price, and the median $/sqft saw a 3.0% decline. This divergence suggests a notable softening within the higher price tiers of the market.

Supply Dynamics

572 active listings represent the current floor, with new supply arriving at roughly 238 per month.

Pricing Pressure
20.1%

of active listings carry a price reduction, +1.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -3.0% year-over-year.

Absorption
0.44

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Niles, MI? Homes here are taking 4 days longer 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
44%
Median Days on Market
54 days
Inventory YoY
+25%

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 0.44 with median days on market at 54.

  • Are home prices dropping in Niles?+

    Median listing price is $409K, -2.7% year over year. 20.1% of active listings carry a price reduction.

  • How fast are homes selling in Niles?+

    The typical listing sits 54 days on market, a +7.5% change YoY. New listings are arriving at 238 per month.

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

    The average listing price has declined by 15.4% year-over-year, significantly more than the 2.7% decline in the median listing price, and the median $/sqft saw a 3.0% decline. This divergence suggests a notable softening within the higher price tiers 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