Niles, MI metro area Housing Market Brief
metro · as of July 2026
What is Niles, MI metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Niles, MI metro area in its market cycle?
Niles, MI metro area is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Niles, MI metro area?
Our model forecasts Niles, MI metro area’s home prices to decline about 1.0% over the next 12 months (high confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Niles, MI metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $322K | ▲ +16.2% |
| Median Days on Market | 41 days | ▼ -4.6% |
| Months of Supply | 3.3 | ▲ +10% |
| Homes for Sale | 593 | ▼ -1.2% |
| Homes Sold | 182 | ▼ -7.6% |
| Median Price / Sq Ft | $188 | ▲ +13% |
How has Niles, MI metro area’s Alpha Score moved?
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Frequently asked questions
Is Niles, MI metro area a buyer's or seller's market?
As of July 2026, Niles, MI metro area is classified as a Balanced Market, based on its Alpha Score of 44 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Niles, MI metro area?
The median sale price in Niles, MI metro area is $322K, having risen 16.2% over the past year.
How affordable is Niles, MI metro area?
Niles, MI metro area scores 30 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Niles, MI metro area's Alpha Score?
Niles, MI metro area's strongest dimension is Price Momentum (67/100) and its weakest is Affordability (30/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Niles, MI metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.