Is Niles Township, MI 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, MI
How much do homes in Niles Township, MI cost?
Median Sold Price
$185,120
$145/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 $185,120 in April 2024, up 12.2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $76.5K | -10.0% |
2 Bedrooms | $130K | $144.5K | +11.2% |
3 Bedrooms | $170K | $179K | +5.3% |
4 Bedrooms | $207.5K | $281.5K | +35.7% |
5+ Bedrooms | $475K | $420K | -11.6% |
Summary: Niles Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes decreased by 11.6%.
Median Sold Price Compared To Nearby Cities
Niles | $157.4K | $184.6K | +17.3% |
Niles Township | $165K | $185.1K | +12.2% |
Howard Township | $222K | $194.9K | -12.2% |
Bertrand Township | $404.9K | $301K | -25.7% |
Housing Supply in Niles Township, MI
How many homes are available in Niles Township, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
129 | 126 | -2.3% |
Summary: The Niles Township real estate market had 126 homes for sale in April 2024, a 2.3% 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 | 28 | 26 | -7.1% |
3 Bedrooms | 62 | 56 | -9.7% |
4 Bedrooms | 24 | 29 | +20.8% |
5+ Bedrooms | 15 | 15 | 0.0% |
Summary: The Niles Township 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 7.1%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 38 | -2.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Niles Township in April 2024, down by 2.6% month-over-month. Of the 38 sold homes, 55% were sold under asking, 11% were sold at asking, and 34% were sold over asking.
Days on Market for Niles Township, MI
How long does it take to sell a home in Niles Township, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 66 Days | +32.0% |
Summary: Homes in Niles Township had an average of 66 days on market in Apr 2024, up by 32% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 38 homes were sold in Niles Township; 39% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.