Machesney Park Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $80,950
    6% ( $5,000 ) vs Feb 2014
  • Median Sales Price
    $82,000
    1% ( $500 ) vs Feb 2014
  • Median Foreclosure Sales Price
    $42,000
    25% ( $8,500 ) vs Feb 2014
  • Foreclosures 508
    Homes for Sale 237
    Recently Sold 526

Market Summary

There are currently 508 properties in Machesney Park, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 237.

In March, the number of properties that received a foreclosure filing in Machesney Park, IL was 160% higher than the previous month and 108% higher than the same time last year.

Home sales for February 2015 were down 29% compared with the previous month, and down 9% compared with a year ago. The median sales price of a non-distressed home was $82,000. The median sales price of a foreclosure home was $42,000, or 49% lower than non-distressed home sales.

Sales Prices - Machesney Park, IL




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$42,000 (Median Foreclosure Sales Price) $33,500 (Median Foreclosure Sales Price) $42,165 (Median Foreclosure Sales Price) $44,050 (Median Foreclosure Sales Price) $41,230 (Median Foreclosure Sales Price) $50,639 (Median Foreclosure Sales Price) $82,000 (Median Sales Price) $82,500 (Median Sales Price) $84,500 (Median Sales Price) $80,000 (Median Sales Price) $77,500 (Median Sales Price) $81,250 (Median Sales Price) $42,000 (Median Foreclosure Sales Price) $33,500 (Median Foreclosure Sales Price) $42,165 (Median Foreclosure Sales Price) $44,050 (Median Foreclosure Sales Price) $41,230 (Median Foreclosure Sales Price) $50,639 (Median Foreclosure Sales Price) $82,000 (Median Sales Price) $82,500 (Median Sales Price) $84,500 (Median Sales Price) $80,000 (Median Sales Price) $77,500 (Median Sales Price) $81,250 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Rockford
145
1.4
% (y-o-y)
$57,357
9.0
% (y-o-y)
23.4%
50.0
% (y-o-y)
Loves Park
24
14.3
% (y-o-y)
$75,000
7.9
% (y-o-y)
18.7%
29.5
% (y-o-y)
Roscoe
16
77.8
% (y-o-y)
$158,500
8.8
% (y-o-y)
43.2%
32.0
% (y-o-y)
South Beloit
16
77.8
% (y-o-y)
$119,750
4.1
% (y-o-y)
Data not available
Rockton
10
28.6
% (y-o-y)
$151,950
18.5
% (y-o-y)
Data not available
Davis Junction
6
500.0
% (y-o-y)
$127,000
4.5
% (y-o-y)
Data not available
Winnebago
5
25.0
% (y-o-y)
$127,100
10.5
% (y-o-y)
Data not available
Cherry Valley
3
0.0
% (y-o-y)
$144,000
18.6
% (y-o-y)
Data not available
Pecatonica
2
66.7
% (y-o-y)
$135,250
20.5
% (y-o-y)
Data not available
Durand
1
85.7
% (y-o-y)
$130,500
4.0
% (y-o-y)
Data not available

Local Info For Machesney Park

Population:
23,070
Cost of Living Index: 90.60
Crime Index: 83.38     Rating: B View crime details
Schools: 6    Average School Rating: D+ View individual school rating
Household Median Income: $54,422
Unemployment: 7.00%
Percentage of vacant homes: 5.25%