Quick answer: Over the three months ending September 2026, the median Niles home sold for about $420,000, up 13.0% from a year earlier. Homes sold in a median of 55 days, at about 100.0% of list price, and 53% sold for more than asking (Redfin, MLS & public records). Here’s what that means if you’re selling or buying in Niles.
Niles home values at a glance
| Niles (all home types) | September 2026 |
|---|---|
| Median sale price | $418,801 (+13.0% vs. last year, 3 months ending Sep) |
| Homes sold in the month | 83 (18.3% fewer than a year earlier) |
| Median days on market | 55 days (8 days slower) |
| Sale-to-list price | 100.0% (+0.6 pts) |
| Sold above asking | 52.5% (+18.2 pts) |
| Homes with price drops | 12.8% |
| Median price per square foot | $263 (up 8.2%) |
Source: Redfin market data for Niles (based on MLS and public records), all home types, September 2026. Figures are market-wide, not specific to any one property.
How Niles compares with its neighbors
Niles posted the biggest price gain of any town I track this fall: the median is up 13.0% from a year ago, and more than half of homes (52.5%) sold above asking. Only 12.8% of listings had a price cut, the lowest share among nearby towns. Fewer homes sold than a year ago, so buyers are competing over a smaller supply.
- Morton Grove home values: median $471,775 (+4.8% vs. last year)
- Park Ridge home values: median $619,705 (+5.0% vs. last year)
- Skokie home values: median $467,777 (+0.6% vs. last year)
What’s driving value in Niles
- Home type. Niles has a large mix of brick ranches, raised ranches and bi-levels plus a sizable condo market, and the median blends them. A single-family home and a condo on the same street can be hundreds of thousands apart.
- Location within Niles. Access to Milwaukee Avenue, Touhy and Golf Road shopping, Pace bus routes and the expressways all affect what buyers will pay.
- Updates and condition. With most homes selling at or above list, updated kitchens and baths draw the most offers. Original-condition homes still sell, but buyers price the work in.
- Taxes and carrying costs. Cook County property taxes vary from home to home, and buyers compare them closely. Knowing yours up front helps you price correctly.
If you’re selling in Niles
Prices are rising quickly and price cuts are rare, which makes this a strong time to sell in Niles. Pricing right from the first day still matters: the best results come in the first two weeks on the market. Get a free, no-pressure home value estimate to see where yours fits.
If you’re buying in Niles
Expect multiple offers on well-priced homes. Get pre-approved first, move quickly on new listings, and know your top number before you write an offer. Nearby Des Plaines currently gives buyers a bit more room to negotiate.
Frequently asked questions
What is the median home price in Niles, IL?
About $420,000 over the three months ending September 2026 (Redfin, all home types), up 13.0% from a year earlier.
Are Niles home prices going up?
Yes. As of September 2026 the Niles median price was 13.0% higher than a year earlier, and 52.5% of homes sold above asking.
How fast do homes sell in Niles?
The median home sold in about 55 days in September 2026 (8 days slower than a year ago).
Is Niles a competitive market?
Redfin rates Niles very competitive: homes get about 3 offers on average, and 52.5% sold above list price.
Al Kolovic is a Licensed Managing Broker with CENTURY 21 Circle, 3372 W Devon Ave, Lincolnwood, with $80M+ in career sales and 170+ homes sold across Chicago and the North Shore. Questions about your Niles home? Call or text 847-561-8987.
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