Is Minonk, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Minonk is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Minonk has remained a Seller's Market.

Key Takeaway

Minonk is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Minonk, IL

How much do homes in Minonk, IL cost?

Median Sold Price

$150,000

$97/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$25,000(-14.3%)

Key Takeaway

Homes in Minonk have sold for 14.3% less than they did a month ago.

Summary: The median home sold price in Minonk was $150,000 in May 2024, down 14.3% from last month, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $175K$150K
-14.3%
4 --
N/A
5+ --
N/A

Summary: Minonk housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Groveland Township
+233.3%
Minonk
-14.3%
Minonk Township
-14.3%

Housing Supply in Minonk, IL

How many homes are available in Minonk, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
330.0%

Summary: The Minonk real estate market had 3 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Minonk housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Minonk, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Minonk in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Minonk, IL

How long does it take to sell a home in Minonk, IL?

Average Sale Time

Apr 2024May 2024CHANGE
57 Days21 Days-63.2%

Summary: Homes in Minonk had an average of 21 days on market in May 2024, down by 63.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Minonk are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in Minonk; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Minonk, IL

Nearby Markets to Minonk, IL