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 April 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

$320,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$27,500(+9.4%)

Key Takeaway

Homes in Minooka have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Minooka was $320,000 in April 2024, up 9.4% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $209K$240K
+14.8%
3 $279.9K$305.5K
+9.1%
4 $361K$355K
-1.7%
5+ $418K$520K
+24.4%

Summary: Minooka housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 24.4%.

Median Sold Price Compared To Nearby Cities

Minooka
+14.3%
Aux Sable Township
+13.3%
Minooka
+9.4%
Channahon
+6.8%
Seward Township
+3.3%

Housing Supply in Minooka, IL

How many homes are available in Minooka, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
35350.0%

Summary: The Minooka real estate market had 35 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 88
0.0%
3 1515
0.0%
4 1211
-8.3%
5+ 01
+100.0%

Summary: The Minooka 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
14140.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

10 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. 71.4% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Minooka in April 2024, the same as the previous month. Of the 14 sold homes, 21% were sold under asking, 7% were sold at asking, and 71% 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

Apr 2023Apr 2024CHANGE
7 Days21 Days+171.4%

Summary: Homes in Minooka had an average of 21 days on market in Apr 2024, up by 171.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

1 Home Was 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 April 2024, 14 homes were sold in Minooka; 86% of homes were sold within 30 days, 7% 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 27 Days Ago

Newest Listings in Minooka, IL

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