Is Machesney Park, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Machesney Park has remained a Seller's Market.
Housing Prices in Machesney Park, IL
How much do homes in Machesney Park, IL cost?
Median Sold Price
$170,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Machesney Park was $170,000 in April 2024, up 4.9% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68.5K | $74K | +8.0% |
2 Bedrooms | $85K | $105K | +23.5% |
3 Bedrooms | $165K | $178.5K | +8.2% |
4 Bedrooms | $270K | $227K | -15.9% |
5+ Bedrooms | $225K | $247.2K | +9.9% |
Summary: Machesney Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
Roscoe | $251K | $275K | +9.6% |
Machesney Park | $162K | $170K | +4.9% |
Loves Park | $167K | $173.5K | +3.9% |
Harlem Township | $184.5K | $189.9K | +2.9% |
Housing Supply in Machesney Park, IL
How many homes are available in Machesney Park, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 34 | -2.9% |
Summary: The Machesney Park real estate market had 34 homes for sale in April 2024, a 2.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 22 | 22 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Machesney 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 19 | +46.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Machesney Park in April 2024, up by 46.2% month-over-month. Of the 19 sold homes, 16% were sold under asking, 32% were sold at asking, and 53% were sold over asking.
Days on Market for Machesney Park, IL
How long does it take to sell a home in Machesney Park, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 5 Days | -83.8% |
Summary: Homes in Machesney Park had an average of 5 days on market in Apr 2024, down by 83.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Machesney Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.