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 November 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

$325,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,000(+6.9%)

Key Takeaway

Homes in Minooka have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Minooka was $325,000 in November 2024, up 6.9% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$117K
N/A
2 $225K$240K
+6.7%
3 $285K$315K
+10.5%
4 $349.7K$370K
+5.8%
5+ $520K$448K
-13.8%

Summary: Minooka housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 13.8%.

Median Sold Price Compared To Nearby Cities

Minooka
+6.9%
Minooka
+6.3%
Aux Sable Township
+4.3%
Seward Township
+4.2%
Channahon
+1.4%

Housing Supply in Minooka, IL

How many homes are available in Minooka, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4140-2.4%

Summary: The Minooka real estate market had 40 homes for sale in November 2024, a 2.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1922
+15.8%
4 149
-35.7%
5+ 34
+33.3%

Summary: The Minooka housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was 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. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Minooka in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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

Nov 2023Nov 2024CHANGE
22 Days41 Days+82.1%

Summary: Homes in Minooka had an average of 41 days on market in Nov 2024, up by 82.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 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 November 2024, 10 homes were sold in Minooka; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 4 Days Ago

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