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 November 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

$325,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,000(+6.9%)

Key Takeaway

Homes in Minooka have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Minooka was $325,000 in November 2024, up 6.9% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$117K
N/A
2 $225K$240K
+6.7%
3 $285K$315K
+10.5%
4 $349.7K$370K
+5.8%
5+ $520K$448K
-13.8%

Summary: Minooka housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 13.8%.

Median Sold Price Compared To Nearby Cities

Minooka
+6.9%
Minooka
+6.3%
Aux Sable Township
+4.3%
Seward Township
+4.2%
Channahon
+1.4%

Housing Supply in Minooka, IL

How many homes are available in Minooka, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4140-2.4%

Summary: The Minooka real estate market had 40 homes for sale in November 2024, a 2.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 1922
+15.8%
4 149
-35.7%
5+ 34
+33.3%

Summary: The Minooka housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Minooka, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Minooka in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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

Nov 2023Nov 2024CHANGE
22 Days41 Days+82.1%

Summary: Homes in Minooka had an average of 41 days on market in Nov 2024, up by 82.1% compared to last year.

Breakdown of Home Sale Times

7 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 November 2024, 10 homes were sold in Minooka; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 17 Days Ago

Newest Listings in Minooka, IL

Nearby Markets to Minooka, IL

What housing markets are near Minooka, IL?