Is Niles Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$390,792
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Niles Township was $390,792 in June 2024, up 5.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $162.7K | +5.0% |
2 Bedrooms | $275K | $290.9K | +5.8% |
3 Bedrooms | $384.7K | $405K | +5.3% |
4 Bedrooms | $525K | $547K | +4.2% |
5+ Bedrooms | $635K | $685.5K | +8.0% |
Summary: Niles Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
Lincolnwood | $469.8K | $519.9K | +10.7% |
Morton Grove | $371.6K | $403K | +8.4% |
Skokie | $370K | $393.8K | +6.4% |
Niles Township | $369.7K | $390.7K | +5.7% |
Housing Supply in Niles Township, IL
How many homes are available in Niles Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
408 | 464 | +13.7% |
Summary: The Niles Township real estate market had 464 homes for sale in June 2024, a 13.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 28 | +12.0% |
2 Bedrooms | 114 | 126 | +10.5% |
3 Bedrooms | 178 | 195 | +9.6% |
4 Bedrooms | 59 | 69 | +16.9% |
5+ Bedrooms | 32 | 46 | +43.8% |
Summary: The Niles Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 43.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
135 | 127 | -5.9% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
68 Homes Were Sold
Over Asking
Summary: A total of 127 homes were sold or pending in Niles Township in June 2024, down by 5.9% month-over-month. Of the 127 sold homes, 35% were sold under asking, 12% were sold at asking, and 54% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
20 Days | 20 Days | 0.1% |
Summary: Homes in Niles Township had an average of 20 days on market in Jun 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 127 homes were sold in Niles Township; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.