Is Minooka, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Minooka has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $209.5K | $230K | +9.8% |
3 Bedrooms | $257.5K | $303K | +17.7% |
4 Bedrooms | $350K | $350K | 0.0% |
5+ Bedrooms | $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 | $280K | $320K | +14.3% |
Aux Sable Township | $300K | $339.9K | +13.3% |
Minooka | $295K | $320K | +8.5% |
Channahon | $335K | $363K | +8.4% |
Seward Township | $327.6K | $349.4K | +6.7% |
Housing Supply in Minooka, IL
How many homes are available in Minooka, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 38 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 15 | 17 | +13.3% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 14 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
9 Days | 25 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
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.