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Featured local agent — Merrionette Park, IL
Sarah Mitchell
Compass Real Estate · Merrionette Park, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Merrionette Park, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$235,000median sale price
How is the Merrionette Park, IL housing market right now?
The median home sale price in Merrionette Park, IL is $235,000. Homes sell in an average of 5 days with 3 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Merrionette Park a buyer's or seller's market?
Merrionette Park, IL is currently a strong seller's market, based on 3.0 months of supply and homes selling in about 5 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
5
Fast-moving
Active listings
3
3.0 months supply
Sale-to-list
104.4%
Above asking
What does the Merrionette Park housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $235,000 |
| Median list price | $183,500 |
| Average days on market | 5 days |
| Active inventory | 3 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 104.4% |
| Median price per sq ft | $238/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Merrionette Park by property type?
How the Merrionette 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 | $235,000 | $238/sq ft | 1 | 5 days |
| Condo / Co-op | $75,000 | $100/sq ft | 3 | 91 days |
Source: Redfin · Updated monthly
The Merrionette Park housing market is currently classified as a strong seller's market with a median sale price of $235,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 5 days on market, indicating 3.0 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 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Merrionette Park
There are currently 3 homes listed for sale in Merrionette Park, Illinois. The median listing price is $184K.
Active listings
3
Homes on market
Median list price
$184K
Avg. days on market
5
Days until sale
New this week
2
Newly listed
Who lives in Merrionette Park?
Population
2,144
Median income
$53,623/yr
Median age
38.8 years
Owner-occupied
78.7%
College grads
21.8%
Avg commute
28.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Merrionette Park?
Zillow home value
$231,177
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Merrionette Park?
Merrionette Park is a community of approximately 2K residents with a median age of 38.8 years.The median household income is $53,623, which represents a working-class community with solid middle-income opportunities. 21.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Merrionette Park offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Merrionette Park?
1 schools tracked · 178 students
The largest public schools serving Merrionette 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.
Meadow Lane School
Grades 3-5 · 178 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 Merrionette Park, IL?
Want a head-to-head view? Compare Merrionette Park side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Merrionette Park?
The median home sale price in Merrionette Park is $235,000, down 0.0% from last year.
How long do homes stay on market in Merrionette Park?
Homes typically spend 5 days on market before going under contract.
What is the median income in Merrionette Park?
The median household income is $53,623 per year.
Is Merrionette Park a buyer's or seller's market?
With 3.0 months of supply, Merrionette Park is currently a strong seller's market.
What is the Zillow home value estimate for Merrionette Park?
The Zillow Home Value Index (ZHVI) for Merrionette Park is $231,177, representing the typical home value in the area.
What is the median condo price in Merrionette Park?
The median condo/co-op sale price in Merrionette Park, IL is $75,000, compared to $235,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Merrionette Park?
The median single-family home price in Merrionette Park, IL is $235,000 (about $238 per square foot).
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