Why Live in The Terrace
The Terrace neighborhood in Niles features a grid of single-family homes, including Cape Cods and midcentury ranch-style houses, with square lawns and detached garages. The area is primarily residential, with a few retailers on Dempster Street. The crime rate is lower than the national average. Oak Park, within walking distance, offers ball fields, courts, a playground, and a butterfly garden, and hosts a free concert series on summer Fridays. Grennan Heights Park, less than a mile south, provides outdoor fields, courts, a playground, and an indoor gym for youth programs. The North Branch Trail, accessible from Miami Woods a mile north, offers a continuous biking and walking path to the Chicago Botanic Garden. Dempster Street features shops and dining options, including Village Plaza with stores like Hobby Lobby and TJ Maxx, and eateries such as Culver’s and Tava Fresh Taste of India. Milwaukee Avenue has various global cuisine restaurants and will see a major redevelopment of Golf Mill Shopping Center by 2027. Annual events include a Fourth of July Parade and the Big Greek Food Fest. The Terrace is car-dependent, but Pace Suburban buses and nearby Metra and L train stations provide public transit options. Schools in the area include highly rated Melzer Elementary, Gemini Middle School, and Maine East High School, as well as the private Notre Dame College Prep.
Home Trends in The Terrace, IL
On average, homes in The Terrace, Niles sell after 61 days on the market compared to the national average of 70 days. The median sale price for homes in The Terrace, Niles over the last 12 months is $670,000, down 75% from the median home sale price over the previous 12 months.
Median Sale Price
$670,000
Median Single Family Sale Price
$609,900
Average Price Per Sq Ft
$410
Number of Homes for Sale
1
Last 12 months Home Sales
13
Median List Price
$670,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-75%