Is Niles, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Niles is a seller's market

Buyer's
Market

Difference Since December 2021

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.

How much do homes in Niles, NY cost?

Median Sold Price

$435,000

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$70,500(+19.3%)

Key Takeaway

Homes in Niles have sold for 19.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $455K-
N/A
2 $359K$575K
+60.2%
3 $317.5K$307.5K
-3.1%
4 $286.9K$999K
+248.1%
5+ $580K$359.9K
-37.9%

Median Sold Price Compared To Nearby Cities

Niles
+19.3%
Owasco
-17.8%

How many homes are available in Niles, NY?

Number of Homes For Sale

Nov 2022Dec 2022%
64-33.3%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 21
-50.0%
3 21
-50.0%
4 00
0.0%
5+ 22
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Niles, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Dec 2021Dec 2022%
15 Days15 Days-3.2%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Niles are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Niles, NY

Homes for sale in Niles, NY have reached 4. Between November 2022 and December 2022, Niles, NY real estate market has seen decrease in the number of listings by 33.3%. Listings spent 15 days on the market in December 2022, and had a median list price of $435,000 during the same period. Listing prices have changed in this real estate market between November 2022 and December 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 60.2%, 3 bedrooms properties became 3.1% more cheaper, prices of 4 bedrooms properties went up by 248.1%, prices of 5 bedrooms properties went down by 37.9%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, volume of 2 bedrooms homes went down by 50%, volume of 3 bedrooms homes went down by 50%, number of 4 bedrooms homes remained the same, number of 5 bedrooms homes remained the same. Over 1 listings were sold over their listed price in December 2022 in Niles, NY. In the same period over 0 listings were sold below the listed price and 1 listings were sold for the listed price.