Is Minooka, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$317,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $204K | $240K | +17.6% |
3 Bedrooms | $278.9K | $310K | +11.2% |
4 Bedrooms | $360K | $359.4K | -0.2% |
5+ Bedrooms | $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 | $302.7K | $340.2K | +12.4% |
Minooka | $285K | $317.5K | +11.4% |
Channahon | $337K | $365.5K | +8.5% |
Minooka | $297.5K | $320K | +7.6% |
Seward Township | $329.9K | $348K | +5.5% |
Housing Supply in Minooka, IL
How many homes are available in Minooka, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 38 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 6 | -33.3% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 1 | 1 | 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 2024 | May 2024 | CHANGE |
---|---|---|
14 | 15 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 26 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
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.