Machesney Park, IL Home Values & Market Trends
Real estate market trends reflect that there have been 405 transactions over the past year in Machesney Park. The median value for residential home transactions that occurred over the previous year is $217,272. The number of current listings in Machesney Park is 305, and the percentage of properties for sale in the city is 305.00%. Machesney Park, IL currently has 9 properties in foreclosure, 2 bank owned properties, 7 properties headed for auction, and 305 properties for sale.
Machesney Park, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 61115 | $ 214,243 $ 176/sqft |
Housing Market Summary for Machesney Park, IL
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $201.8K | $232.5K | 15.18% |
| Median Sold Price | $187.6K | $191.6K | 2.15% |
| Homes For Sale | 157 | 296 | 88.54% |
| Homes Sold | 159 | 123 | -22.64% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Machesney Park, IL
Browse Homes in Machesney Park, IL
Machesney Park home values range from $41,789 to $660,000. The median estimated value of a home in Machesney Park is $217,272. The median list price of a home is 225,000, and the total count of properties in the city is 456.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Machesney Park, IL with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Machesney Park, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Machesney Park, IL ranges from the highest value of $150,107 in 61115 to the lowest value of $104,711 in 61115. Bank owned homes and properties account for 0.44% of properties in Machesney Park, IL. There is 1 zips within Machesney Park, IL; 61115 containing 2 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions61115 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Machesney Park, IL. Auction homes and other auction properties account for 1.54% of all properties in Machesney Park, IL. There is 1 zips within Machesney Park, IL; of that zips, the median estimated home value for homes going to auction ranges from $291,800 in 61115 to the lowest value of $123,454 in 61115.
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Guide for Machesney Park, IL
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
