Is Niles, MI 49120 a buyer’s or seller’s market?
Niles is a seller’s market. With about 2.7 months of supply and 32% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 61% of U.S. ZIP codes, and #303 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Niles housing market right now
In the three months ending August 31, 2026, 32% of homes in Niles, MI 49120 sold above their list price, the typical home went under contract in 37 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 142 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 22%, homes sold faster (42 days then) and the median sale price rose 9% to $224,903. Overall, Niles is more competitive than a year ago, so tougher for buyers.
Within Berrien County, homes here sell faster than in 79% of the county’s ZIP codes, and sell more often over asking than in 90%. On our competition score, Niles ranks #303 of 510 MI ZIP codes with enough sales (score 59 out of 100).
Nearby, buyers who want less competition could look at Sodus 49126 (0% sold over asking) or Sawyer 49125 (0% sold over asking).
Run the numbers for 49120
Nearby markets
Baroda 49101Seller’s market $164 /sq ftBenton Harbor 49022Balanced $149 /sq ftBerrien Center 49102Buyer’s market $148 /sq ftBerrien Springs 49103Balanced $185 /sq ft Browse all markets →Towns like Niles nearby
Find towns like Niles in other states →Where Niles is
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Questions about Niles real estate
Is Niles a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Niles, MI 49120 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Niles?
The typical home went under contract in 37 days in the latest three months.
Do homes in Niles sell over asking?
32% of homes sold above their original list price, and the typical sale closed at 98.5% of the list price.
What are property taxes in Niles?
About 1.08% of a home’s value a year in Berrien County, or roughly $4,320 on a $400,000 home.
What is the median home price in Niles?
The median sale price was $224,903 in the three months ending August 31, 2026, about $156 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology