Is Machesney Park, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Machesney Park is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Machesney Park has remained a Seller's Market.

Key Takeaway

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

How much do homes in Machesney Park, IL cost?

Median Sold Price

$134,000

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

-$16,000(-10.7%)

Key Takeaway

Homes in Machesney Park have sold for 10.7% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $101.7K$25K
-75.4%
2 $95K$79.8K
-16.0%
3 $150.2K$155K
+3.2%
4 $209.5K$210.7K
+0.6%
5+ $317.5K$280K
-11.8%

Median Sold Price Compared To Nearby Cities

Roscoe
+35.3%
Loves Park
+20.7%
Owen Township
+11.9%
Harlem Township
+10.4%
Machesney Park
-10.7%

How many homes are available in Machesney Park, IL?

Number of Homes For Sale

Jul 2022Aug 2022%
36360.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 12
+100.0%
2 88
0.0%
3 1616
0.0%
4 109
-10.0%
5+ 11
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
1016+60.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Machesney Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
9 Days28 Days+212.7%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Machesney Park, IL

Homes for sale in Machesney Park, IL have reached 36. Listings spent 28 days on the market in August 2022, and had a median list price of $134,000 during the same period. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties decreased by 75.4%, the cost of 2 bedrooms properties went down by 16%, the cost of 3 bedrooms properties went up by 3.2%, prices of 4 bedrooms properties increased by 0.6%, prices of 5 bedrooms properties decreased by 11.8%. This housing market inventory have changed: 1 bedroom homes became 100% more available, number of 2 bedrooms homes remained the same, 3 bedrooms homes did not move, 4 bedrooms homes became 10% less available, volume of 5 bedrooms homes stayed the same. Over 8 listings were sold over their listed price in August 2022 in Machesney Park, IL. In the same period over 6 listings were sold below the listed price and 2 listings were sold for the listed price.

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