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 May 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

$317,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$32,500(+11.4%)

Key Takeaway

Homes in Minooka have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Minooka was $317,500 in May 2024, up 11.4% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $204K$240K
+17.6%
3 $278.9K$310K
+11.2%
4 $360K$359.4K
-0.2%
5+ $389K$520K
+33.7%

Summary: Minooka housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 33.7%.

Median Sold Price Compared To Nearby Cities

Aux Sable Township
+12.4%
Minooka
+11.4%
Channahon
+8.5%
Minooka
+7.6%
Seward Township
+5.5%

Housing Supply in Minooka, IL

How many homes are available in Minooka, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3638+5.6%

Summary: The Minooka real estate market had 38 homes for sale in May 2024, a 5.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 96
-33.3%
3 1518
+20.0%
4 1113
+18.2%
5+ 11
0.0%

Summary: The Minooka housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1415+7.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Minooka, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in Minooka in May 2024, up by 7.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 7% were sold at asking, and 60% 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

May 2023May 2024CHANGE
23 Days26 Days+14.3%

Summary: Homes in Minooka had an average of 26 days on market in May 2024, up by 14.3% compared to last year.

Breakdown of Home Sale Times

12 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 May 2024, 15 homes were sold in Minooka; 80% of homes were sold within 30 days, 13% 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 1 Day Ago

Newest Listings in Minooka, IL

Nearby Markets to Minooka, IL

What housing markets are near Minooka, IL?