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NILES, MI 49120

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The NILES, MI real estate market (49120) currently shows 149 active listings, with 61 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are selling faster, averaging 45 days on market compared to 51 days last year.

The median listing price has risen 9.8% year-over-year, from $264,950 to $290,950.

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Market Context

Market Context

Population: 36,792  ·  Density: 121.9/mi²  ·  Median household income: $59,450

Typical home value: $148,912  ·  Homeownership: 78.6%

Market Overview

Active Listings
149
⇧ 17.3% vs 127 last year
Pending
61
41% pending ratio
Median Price
$290,950
⇧ 9.8% vs $264,950 last year
Average Price
$511,900
⇧ 38.3% vs $370,006 last year
Days on Market
45
⇩ 11.8% vs 51 days last year

Price Per Square Foot

Median $/sqft
$164
— vs $164/sqft last year
Median Home Size
1,805 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 149 this year vs 127 last year
  • Days on market: 45 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $290,950 (+9.8% YoY)
  • Average: $511,900 (+38.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.6 miles — 485 listings ($242,373,168 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49120Niles, MI 491200.0 mi110$39,368,780$243,500$357,898
46635South Bend, IN 466358.1 mi21$5,428,353$248,200$258,493
49102Berrien Center, MI 491028.5 mi3$1,661,850$553,950$553,950
49107Buchanan, MI 491079.5 mi25$15,959,125$369,500$638,365
46617South Bend, IN 4661710.2 mi49$33,287,268$478,250$679,332
46545Mishawaka, IN 4654510.5 mi39$11,792,820$271,850$302,380
46615South Bend, IN 4661510.9 mi28$5,139,092$186,850$183,539
46613South Bend, IN 4661312.4 mi27$3,042,630$102,400$112,690
49031Cassopolis, MI 4903113.3 mi28$16,736,076$384,495$597,717
49111Eau Claire, MI 4911113.7 mi2$756,666$377,000$378,333
49113Galien, MI 4911314.0 mi4$1,320,000$330,000$330,000
46514Elkhart, IN 4651415.2 mi123$49,742,922$329,875$404,414
46552New Carlisle, IN 4655215.6 mi26$58,137,586$618,750$2,236,061

Frequently Asked Questions

How many homes are for sale in NILES, MI 49120?

As of September 2026, there are 149 active listings in NILES, MI (zip code 49120), compared to 127 the prior year.

What is the median home price in NILES, MI 49120?

The median listing price in NILES, MI 49120 is $290,950 as of September 2026, a 9.8% increase from $264,950 the prior year.

How long do homes stay on the market in NILES, MI?

Homes in NILES, MI 49120 spend an average of 45 days on the market before going under contract, compared to 51 days the prior year.

Is it a seller's or buyer's market in NILES, MI 49120?

Based on current inventory and days-on-market data as of September 2026, NILES, MI 49120 is currently a Balanced Market. Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice. Homes are selling faster, averaging 45 days on market compared to 51 days last year.

How much can I save on real estate commission in NILES, MI?

With SELL123.com's maximum 3% commission, sellers in NILES, MI 49120 save an estimated $5,819 compared to a typical 5% commission on the median listing price of $290,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.