Machesney Park Real Estate Market Extends Downward Trend in Price Cuts

Over the past 30 days, there have been fewer price cuts in the Machesney Park market, continuing a three-week declining trend to land at 16. However, home sales were up to 12 over the same period. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. There are four months of inventory remaining in Machesney Park, and the market is swinging toward the buyer, especially since the median sales price dropped to $86,000 this week.

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$159K   $112K   $104K  

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Demographic facts about Machesney Park:

  • The average age of the population is 38 years old.
  • The area's health cost index score is 100.3. (100 = national average)
  • The commute times can range from: <15 min (29.9%), 15-29 min (50.5%), 30-44 min (12.5%), 45-59 min (1.8%), >60 min (5.2%).

Data reported through 10/12/2016

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