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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Merrionette Park is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Merrionette Park, IL cost?

Median Sold Price

$179,900

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$950(+0.5%)

Key Takeaway

Homes in Merrionette Park have sold for 0.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $51.2K-
N/A
2 $156K$135K
-13.5%
3 $179K$202.3K
+13.1%
4 $224K$232.5K
+3.8%
5+ $235K-
N/A

Median Sold Price Compared To Nearby Cities

Blue Island
+23.3%
Worth Township
+6.2%
Chicago
+2.5%
Alsip
+2.0%
Merrionette Park
0.5%

How many homes are available in Merrionette Park, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
75-28.6%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 22
0.0%
3 32
-33.3%
4 10
-100.0%
5+ 11
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Merrionette Park, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Oct 2021Oct 2022%
19 Days25 Days+28.2%

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 Merrionette 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 Merrionette Park, IL

There are 5 homes are for sale in Merrionette Park, IL real estate market. The inventory of homes for sale in Merrionette Park, IL between September 2022 and October 2022 decreased by 28.6%. In October 2022 median list price was $179,900 and the average listing age was 25 days. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went down by 13.5%, 3 bedrooms properties prices increased by 13.1%, 4 bedrooms properties became 3.8% more expensive, 5 bedrooms properties became 0% more expensive. Volume of homes for sale changed: 1 bedroom homes did not move, number of 2 bedrooms homes remained the same, number of 3 bedrooms homes decreased by 33.3%, 4 bedrooms homes inventory decreased by 100%, the quantity of 5 bedrooms homes have not changed. In October 2022, from all listings sold in Merrionette Park, IL there were more than 1 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.

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