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 October 2023

Since last year, 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

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,000(+6.4%)

Key Takeaway

Homes in Minonk Township have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Minonk Township was $150,000 in October 2024, up 6.4% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $58.2K$130K
+123.2%
3 $140K$150K
+7.1%
4 $157K$280K
+78.3%
5+ $163.5K-
N/A

Summary: Minonk Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 123.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 78.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Groveland Township
+34.1%
Minonk Township
+6.4%
Minonk
+6.4%

Housing Supply in Minonk Township, IL

How many homes are available in Minonk Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
67+16.7%

Summary: The Minonk Township real estate market had 7 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 33
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Minonk Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Minonk Township in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Oct 2023Oct 2024CHANGE
18 Days23 Days+24.3%

Summary: Homes in Minonk Township had an average of 23 days on market in Oct 2024, up by 24.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was 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 October 2024, 2 homes were sold in Minonk Township; 50% of homes were sold within 30 days, 50% 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 16 Days Ago

Newest Listings in Minonk Township, IL

Nearby Markets to Minonk Township, IL