Foreclosure Homes in Niles, IL 60714

Current Market Conditions in Niles, IL

The real estate market in Niles has been steady, with a good balance of supply and demand. Properties are attracting buyers due to the area's amenities and school districts, making it a desirable location for families. The market has shown resilience with slight price growth over the past year, indicating strong interest in the area.

Home sales in Niles have been competitive, with many listings receiving multiple offers. The demand for single-family homes remains high, while townhomes and condos are also appealing to first-time buyers and downsizers.

Rent Prices In Niles, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Niles, IL, is on a rollercoaster ride. The average rent price in Niles, IL, is $1,924.00. Indeed, when looking to rent in Niles, IL, you can expect to pay as little as $890.00 or as much as $4,300.00, with the average rent median estimated to be $1,960.00. The good news is that finding an affordable and desirable property to rent in Niles, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.