Is Niles Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$383,991
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Niles Township was $383,991 in March 2024, up 3.8% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151K | $157K | +4.0% |
2 Bedrooms | $265K | $285.4K | +7.7% |
3 Bedrooms | $385K | $400K | +3.9% |
4 Bedrooms | $527K | $549K | +4.2% |
5+ Bedrooms | $637.5K | $675K | +5.9% |
Summary: Niles Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Lincolnwood | $464K | $527K | +13.6% |
Skokie | $367.4K | $390K | +6.1% |
Morton Grove | $375K | $390K | +4.0% |
Niles Township | $370K | $383.9K | +3.8% |
Housing Supply in Niles Township, IL
How many homes are available in Niles Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
261 | 312 | +19.5% |
Summary: The Niles Township real estate market had 312 homes for sale in March 2024, a 19.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 19 | +46.2% |
2 Bedrooms | 68 | 78 | +14.7% |
3 Bedrooms | 112 | 133 | +18.8% |
4 Bedrooms | 48 | 57 | +18.8% |
5+ Bedrooms | 20 | 25 | +25.0% |
Summary: The Niles Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 97 | +47.0% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 97 homes were sold or pending in Niles Township in March 2024, up by 47.0% month-over-month. Of the 97 sold homes, 49% were sold under asking, 19% were sold at asking, and 32% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 28 Days | -13.7% |
Summary: Homes in Niles Township had an average of 28 days on market in Mar 2024, down by 13.7% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 97 homes were sold in Niles Township; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.