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 October 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

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,000(+3.9%)

Key Takeaway

Homes in Minooka have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Minooka was $320,000 in October 2024, up 3.9% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$117K
N/A
2 $220K$240K
+9.1%
3 $285K$315K
+10.5%
4 $355K$365K
+2.8%
5+ $469K$400K
-14.7%

Summary: Minooka 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 9.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes decreased by 14.7%.

Median Sold Price Compared To Nearby Cities

Seward Township
+6.4%
Aux Sable Township
+6.1%
Minooka
+3.9%
Minooka
+2.4%
Channahon
+1.4%

Housing Supply in Minooka, IL

How many homes are available in Minooka, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3647+30.6%

Summary: The Minooka real estate market had 47 homes for sale in October 2024, a 30.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 46
+50.0%
3 1723
+35.3%
4 1115
+36.4%
5+ 33
0.0%

Summary: The Minooka housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were 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. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Minooka in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Oct 2023Oct 2024CHANGE
19 Days22 Days+13.8%

Summary: Homes in Minooka had an average of 22 days on market in Oct 2024, up by 13.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 October 2024, 12 homes were sold in Minooka; 58% of homes were sold within 30 days, 42% 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

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