Is Minonk Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Minonk Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Minonk Township has remained a Seller's Market.

Key Takeaway

Minonk Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Minonk Township, IL

How much do homes in Minonk Township, IL cost?

Median Sold Price

$150,000

$97/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$25,000(-14.3%)

Key Takeaway

Homes in Minonk Township have sold for 14.3% less than they did a month ago.

Summary: The median home sold price in Minonk Township was $150,000 in May 2024, down 14.3% from last month, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $175K$150K
-14.3%
4 --
N/A
5+ --
N/A

Summary: Minonk Township housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Groveland Township
+233.3%
Minonk Township
-14.3%
Minonk
-14.3%
Nebraska Township
-37.4%

Housing Supply in Minonk Township, IL

How many homes are available in Minonk Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
330.0%

Summary: The Minonk Township real estate market had 3 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 32
-33.3%
4 00
0.0%
5+ 00
0.0%

Summary: The Minonk Township 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 increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Minonk Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Minonk Township in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Minonk Township, IL

How long does it take to sell a home in Minonk Township, IL?

Average Sale Time

Apr 2024May 2024CHANGE
57 Days21 Days-63.2%

Summary: Homes in Minonk Township had an average of 21 days on market in May 2024, down by 63.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Minonk Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 1 homes were sold in Minonk Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Minonk Township, IL

Nearby Markets to Minonk Township, IL