Is Niles Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Niles Township has remained a Seller's Market.
Housing Prices in Niles Township, IL
How much do homes in Niles Township, IL cost?
Median Sold Price
$385,944
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Niles Township was $385,944 in April 2024, up 4.3% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150K | $156K | +4.0% |
2 Bedrooms | $266.1K | $285.7K | +7.4% |
3 Bedrooms | $385K | $400K | +3.9% |
4 Bedrooms | $521.2K | $550K | +5.5% |
5+ Bedrooms | $650K | $675K | +3.8% |
Summary: Niles Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 3.8%.
Median Sold Price Compared To Nearby Cities
Lincolnwood | $466.8K | $550K | +17.8% |
Skokie | $366.1K | $390K | +6.5% |
Niles Township | $370K | $385.9K | +4.3% |
Morton Grove | $375K | $390K | +4.0% |
Housing Supply in Niles Township, IL
How many homes are available in Niles Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
306 | 357 | +16.7% |
Summary: The Niles Township real estate market had 357 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 25 | +31.6% |
2 Bedrooms | 75 | 95 | +26.7% |
3 Bedrooms | 130 | 152 | +16.9% |
4 Bedrooms | 57 | 55 | -3.5% |
5+ Bedrooms | 25 | 30 | +20.0% |
Summary: The Niles Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.6%, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 16.9%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 95 | -6.9% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 95 homes were sold or pending in Niles Township in April 2024, down by 6.9% month-over-month. Of the 95 sold homes, 41% were sold under asking, 17% were sold at asking, and 42% were sold over asking.
Days on Market for Niles Township, IL
How long does it take to sell a home in Niles Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 18 Days | -25.8% |
Summary: Homes in Niles Township had an average of 18 days on market in Apr 2024, down by 25.8% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 95 homes were sold in Niles Township; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.