Is McKinley Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, McKinley Park was a Seller's Market.
Housing Prices in McKinley Park, IL
How much do homes in McKinley Park, IL cost?
Median Sold Price
$302,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McKinley Park was $302,500 in April 2024, down 11.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $183K | N/A |
2 Bedrooms | $266K | $210K | -21.1% |
3 Bedrooms | $355K | $284K | -20.0% |
4 Bedrooms | $350K | $366.5K | +4.7% |
5+ Bedrooms | $373K | $355K | -4.8% |
Summary: McKinley Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Neighborhoods
New City | $204K | $238K | +16.7% |
Southwest Side | $250K | $260.4K | +4.1% |
Bridgeport | $455K | $465K | +2.2% |
Lower West Side / Pilsen | $452.5K | $431K | -4.8% |
McKinley Park | $342.5K | $302.5K | -11.7% |
Housing Supply in McKinley Park, IL
How many homes are available in McKinley Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Summary: The McKinley Park real estate market had 27 homes for sale in April 2024, a 8.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The McKinley Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in McKinley Park in April 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for McKinley Park, IL
How long does it take to sell a home in McKinley Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
112 Days | 49 Days | -56.3% |
Summary: Homes in McKinley Park had an average of 49 days on market in Apr 2024, down by 56.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in McKinley Park; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.