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Niles, MI 49120 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Niles, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.20
ActiveActive listings: 4646PendingPending sales: 99
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): $289k$289kSoldMedian sold price (last 6 months): $212k$212k
What homes actually sell for in Niles, MI
Distribution of 332 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $125k to $300k
$46k to $122k: 67 sales$46k$122k to $197k: 69 sales$197k to $272k: 82 sales82sales$197k$272k to $348k: 34 sales$348k to $424k: 22 sales$348k$424k to $499k: 10 sales$499k to $574k: 12 sales$499k$574k to $650k: 4 salesMedian $212k

What the numbers say

As of October 26, 2026, Resideline is tracking 46 active listings and 9 pending sales in ZIP code 49120. That pending-to-active ratio of 0.20 makes it a faster-moving market: listings are going under contract faster than in most of the ZIP codes Resideline tracks.

The median asking price of current listings is $289,450, while the median of the 332 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 79 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 332 closed sales tracked by Resideline. The middle half of those sales ranged from $125,000 to $300,000.

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

Resideline is currently tracking 9 pending sales against 46 active listings in 49120, a pending-to-active ratio of 0.20. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 49120 is currently a faster-moving market.

Nearby ZIP code market data

Full Niles, MI housing market report →

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