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Featured local agent — Machesney Park, IL
Sarah Mitchell
Compass Real Estate · Machesney Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Machesney Park, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$251,000median sale price
How is the Machesney Park, IL housing market right now?
The median home sale price in Machesney Park, IL is $251,000, up 61.8% year-over-year. Homes sell in an average of 7 days with 19 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Machesney Park a buyer's or seller's market?
Machesney Park, IL is currently a strong seller's market, based on 1.4 months of supply and homes selling in about 7 days. How we determine this →
Homes sold
14
Last 12 weeks
Days on market
7
Fast-moving
Active listings
19
1.4 months supply
Sale-to-list
102.1%
Above asking
What does the Machesney Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $251,000 |
| Median list price | $214,900 |
| Year-over-year price change | +61.8% |
| Average days on market | 7 days |
| Active inventory | 19 listings |
| Months of supply | 1.4 months |
| Sale-to-list price ratio | 102.1% |
| Median price per sq ft | $184/sq ft |
| Homes sold (latest month) | 14 |
| New listings (latest month) | 35 |
| Listings with a price cut | 26.3% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Machesney Park by property type?
How the Machesney Park, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $251,000 | $184/sq ft | 14 | 7 days |
| Condo / Co-op | $159,000 | $124/sq ft | 1 | 60 days |
| Townhouse | $125,500 | $98/sq ft | 2 | 87 days |
Source: Redfin · Updated monthly
The Machesney Park housing market is currently classified as a strong seller's market with a median sale price of $251,000. Prices have risen 61.8% compared to last year, with homes spending an average of 7 days on market, indicating 1.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.8x provides context for how home values compare to local earning capacity.
Homes for sale in Machesney Park
There are currently 19 homes listed for sale in Machesney Park, Illinois. The median listing price is $215K.
Active listings
19
Homes on market
Median list price
$215K
Avg. days on market
7
Days until sale
New this week
35
Newly listed
Who lives in Machesney Park?
Population
22,744
Median income
$74,244/yr
Median age
40.5 years
Owner-occupied
80.5%
College grads
18.1%
Avg commute
22.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Machesney Park?
Zillow home value
$211,243
Zillow rent index
$1,469/mo
Price-to-rent ratio
12.0x
Price-to-income
2.8x
Source: Zillow Research
What is it like to live in Machesney Park?
Machesney Park is a community of approximately 23K residents with a median age of 40.5 years.The median household income is $74,244, which represents a working-class community with solid middle-income opportunities. 18.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 80.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Machesney Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Machesney Park?
6 schools tracked · 3,732 students
The largest public schools serving Machesney Park, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Harlem High School
Grades 9-12 · 1,947 students
Donald C Parker Early Educ Center
Grades PK-K · 562 students
Olson Park Elem School
Grades 1-6 · 356 students
Machesney Elem School
Grades 1-6 · 307 students
Ralston Elem School
Grades 1-6 · 294 students
Marquette Elem School
Grades 1-3 · 266 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Machesney Park, IL?
Want a head-to-head view? Compare Machesney Park side-by-side with any other U.S. city using our market-comparison tool.
Is Machesney Park a good real estate investment market?
For investors evaluating Machesney Park, the price-to-rent ratio of 12.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 61.8% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Machesney Park's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Machesney Park's median home price.
Frequently asked questions
What is the average home price in Machesney Park?
The median home sale price in Machesney Park is $251,000, up 61.8% from last year.
How long do homes stay on market in Machesney Park?
Homes typically spend 7 days on market before going under contract.
What is the median income in Machesney Park?
The median household income is $74,244 per year.
Is Machesney Park a buyer's or seller's market?
With 1.4 months of supply, Machesney Park is currently a strong seller's market.
What is the Zillow home value estimate for Machesney Park?
The Zillow Home Value Index (ZHVI) for Machesney Park is $211,243, representing the typical home value in the area.
What is the median condo price in Machesney Park?
The median condo/co-op sale price in Machesney Park, IL is $159,000, compared to $251,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Machesney Park?
The median single-family home price in Machesney Park, IL is $251,000 (about $184 per square foot).
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