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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Minooka is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Minooka, IL

How much do homes in Minooka, IL cost?

Median Sold Price

$320,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$40,000(+14.3%)

Key Takeaway

Homes in Minooka have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in Minooka was $320,000 in March 2024, up 14.3% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $209.5K$230K
+9.8%
3 $257.5K$303K
+17.7%
4 $350K$350K
0.0%
5+ $357.5K$548K
+53.3%

Summary: Minooka housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 17.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 53.3%.

Median Sold Price Compared To Nearby Cities

Minooka
+14.3%
Aux Sable Township
+13.3%
Minooka
+8.5%
Channahon
+8.4%
Seward Township
+6.7%

Housing Supply in Minooka, IL

How many homes are available in Minooka, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2938+31.0%

Summary: The Minooka real estate market had 38 homes for sale in March 2024, a 31.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 48
+100.0%
3 1517
+13.3%
4 1013
+30.0%
5+ 00
0.0%

Summary: The Minooka housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
314+366.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Minooka, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Minooka in March 2024, up by 366.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.

Days on Market for Minooka, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
9 Days25 Days+161.8%

Summary: Homes in Minooka had an average of 25 days on market in Mar 2024, up by 161.8% compared to last year.

Breakdown of Home Sale Times

10 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 Minooka are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 14 homes were sold in Minooka; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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 25 Days Ago

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