The typical home value in
Niles
is projected to be
$124,130
for the month of
August.
July’s
finalized data reported the typical value of a home in the
city
to be
$135,250—down
22.71%
over the previous 12 months.
For comparison,
county-level
data pegged home values at
$174,450
in
Trumbull County
for the most recent reporting period.
That number is expected to float around
$166,680
in
August.
Niles
had
20
new listings and
26
listings that went under contract in
July,
decreasing
the area’s total available inventory to
42—down
12.5%
from the previous month. Inventory is projected to have further
decreased
in
August.
Of those
42
active listings,
33.33%
reduced their price in the month of
July.
The median listing price for homes in
Niles
fell
13.93%
from
June
to
July,
bringing the current median listing price to
$129,750.
Based on projected data for
August,
listing prices may continue to
fall.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
July 2025,
the median time for a listed property to go pending was
79
days, compared to
133
days in
July 2024.
In recent months the median number of days from listed to pending appears to be decreasing.
That trend is predicted to have carried through to this
August.