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Niles, MI 49120 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Niles, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.25
ActiveActive listings: 4848PendingPending sales: 1212
Niles, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $300k$300kSoldMedian sold price (last 6 months): $212k$212k
What homes actually sell for in Niles, MI
Distribution of 353 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $125k to $293k
$46k to $122k: 68 sales$46k$122k to $197k: 77 sales$197k to $272k: 86 sales86sales$197k$272k to $348k: 38 sales$348k to $424k: 23 sales$348k$424k to $499k: 10 sales$499k to $574k: 13 sales$499k$574k to $650k: 3 salesMedian $212k

What the numbers say

As of October 5, 2026, Resideline is tracking 48 active listings and 12 pending sales in ZIP code 49120. That pending-to-active ratio of 0.25 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $299,500, while the median of the 353 closed sales Resideline tracked over the last six months was $212,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 49120 for 66 days.

Frequently asked questions

What is the median home price in 49120?

The median closed sale price in Niles, MI 49120 was $212,000 over the last six months, based on 353 closed sales tracked by Resideline. The middle half of those sales ranged from $125,000 to $293,000.

Is 49120 a buyer's or seller's market?

Resideline is currently tracking 12 pending sales against 48 active listings in 49120, a pending-to-active ratio of 0.25. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 49120 currently looks like a balanced market.

Nearby ZIP code market data

Full Niles, MI housing market report →

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