Is Niles Township, MI 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, MI
How much do homes in Niles Township, MI cost?
Median Sold Price
$184,666
$144/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 $184,666 in March 2024, up 12.4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | $65K | -50.0% |
2 Bedrooms | $133K | $138.3K | +4.0% |
3 Bedrooms | $170K | $177.6K | +4.5% |
4 Bedrooms | $210K | $268K | +27.6% |
5+ Bedrooms | $435K | $520K | +19.5% |
Summary: Niles Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 19.5%.
Median Sold Price Compared To Nearby Cities
Niles | $155K | $181K | +16.8% |
Niles Township | $164.3K | $184.6K | +12.4% |
Milton Township | $446.2K | $500K | +12.0% |
Howard Township | $222K | $187.9K | -15.3% |
Housing Supply in Niles Township, MI
How many homes are available in Niles Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
134 | 133 | -0.7% |
Summary: The Niles Township real estate market had 133 homes for sale in March 2024, a 0.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 27 | 28 | +3.7% |
3 Bedrooms | 59 | 62 | +5.1% |
4 Bedrooms | 31 | 26 | -16.1% |
5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Niles Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 36 | +16.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Niles Township in March 2024, up by 16.1% month-over-month. Of the 36 sold homes, 61% were sold under asking, 19% were sold at asking, and 19% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 80 Days | +78.2% |
Summary: Homes in Niles Township had an average of 80 days on market in Mar 2024, up by 78.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 36 homes were sold in Niles Township; 39% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.