I collected all single family home data about Niles, IL from MLS and made this easy to understand chart so we can see the real estate market trends for the past five years.
As we see below, there were 241 properties sold in 2010 in Niles, IL with an average market time of 178 days. Average sold price was $223,513.
The current average listing price in Niles is $262,469. As I type there are 201 active homes on the market. We can find 102 homes available from $200,000 - $400,000 price range. If you are thinking of buying a home in Niles, don't wait, as we can see there were 197 homes sold in 2008 compared to 241 in 2010. Year to date highest sold home was for $540,000 while there where 32 homes sold in first two months of the year.
If you are thinking of buying or selling in Niles, please contact me for any real estate needs you may have. No obligation comparable market analysis is available if you are thinking of selling your home. Getting ready to buy? I'll send you current listings on the market with correct listing status (the listing could be already sold!). Many buyers are surprised that the home they liked online is already under contract.
Skokie, IL real estate trends 06-10
Mount Prospect, IL real estate trends 06-10
Park Ridge, IL real estate market trends 06-10
Glenview, IL real estate market trends 05-09
Morton Grove, IL real estate market trends 05-09
Des Plaines, IL real estate market trends 2006-2010
Morton Grove and Glenview will be the next blog posts in 2006 ~ 2010 series.