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Niles, MI 49120 Housing Market

Data snapshot: September 14, 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: 4949PendingPending sales: 1010
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): $305k$305kSoldMedian sold price (last 6 months): $218k$218k
What homes actually sell for in Niles, MI
Distribution of 344 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $140k to $285k
$55k to $123k: 58 sales$55k$123k to $191k: 68 sales$191k to $259k: 86 sales86sales$191k$259k to $327k: 49 sales$327k to $396k: 26 sales$327k$396k to $464k: 11 sales$464k to $532k: 6 sales$464k$532k to $600k: 5 salesMedian $218k

What the numbers say

As of September 14, 2026, Resideline is tracking 49 active listings and 10 pending sales in ZIP code 49120. That pending-to-active ratio of 0.20 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $304,900, while the median of the 344 closed sales Resideline tracked over the last six months was $217,700. 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 52 days.

Frequently asked questions

What is the median home price in 49120?

The median closed sale price in Niles, MI 49120 was $217,700 over the last six months, based on 344 closed sales tracked by Resideline. The middle half of those sales ranged from $140,000 to $285,000.

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

Resideline is currently tracking 10 pending sales against 49 active listings in 49120, a pending-to-active ratio of 0.20. 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

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