Is Niles, OH 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 has remained a Seller's Market.
Key Takeaway
Niles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Niles, OH
How much do homes in Niles, OH cost?
Median Sold Price
$124,900
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Niles have sold for 19% more than they did a year ago.
Summary: The median home sold price in Niles was $124,900 in April 2024, up 19% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $20K | $51K | +155.0% |
| 2 Bedrooms | $90K | $88.4K | -1.7% |
| 3 Bedrooms | $110K | $142.5K | +29.5% |
| 4 Bedrooms | $132.5K | $139K | +4.9% |
| 5+ Bedrooms | $130K | $199.9K | +53.8% |
Summary: Niles housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 155%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 29.5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 53.8%.
Median Sold Price Compared To Nearby Cities
| Mc Donald | $119.5K | $144.7K | +21.1% |
| Niles | $105K | $124.9K | +19.0% |
| Weathersfield Township | $111K | $125K | +12.6% |
| Howland Township | $180.6K | $191K | +5.7% |
Housing Supply in Niles, OH
How many homes are available in Niles, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 57 | -12.3% |
Summary: The Niles real estate market had 57 homes for sale in April 2024, a 12.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 29 | 25 | -13.8% |
| 4 Bedrooms | 15 | 11 | -26.7% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Niles housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes decreased by 26.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Niles, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Niles in April 2024, down by 29.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.
Days on Market for Niles, OH
How long does it take to sell a home in Niles, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 55 Days | +14.8% |
Summary: Homes in Niles had an average of 55 days on market in Apr 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Niles has remained consistent over time.
Summary: During April 2024, 12 homes were sold in Niles; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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