Real Estate Market Update for Machesney Park, IL
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was up 23% from one year earlier, and up 8% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 110-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 15%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 90-thousand dollars. The number of units sold decreased 31% year-over-year, and decreased 39% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Machesney Park, IL
Area Information for Machesney Park, IL
  • Population: 23,747
  • Median Age: 38.29 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 3
  • Sales Tax: 8.25%
  • Population Density: 1,873/sq mi
  • Population Change Since 2000: 7.4%
  • Closest Airport: Chicago/rockford International
  • Closest College: Rockford College
  • Closest Jr. College: Rock Valley College
  • Median Household Income: $54,288
  • Annual Residential Turnover: 12.38%
  • Median Years in Residence: 4.95 yr
  • Median Home Sales Price: $94,705
  • Closest Major Sports Team: Brewers
  • Change Avg. Household Income Since 2000: 10%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Machesney Park, IL
Median Age: 38.29 Married: 36% Number of Households: 9,159 Households with Children: 3,185
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Machesney Park, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Olson Park Elementary School 0.5 mi Public 1-6 3 5
      Machesney Elementary School 0.6 mi Public 4-6 2-5 4
      Harlem High School 0.8 mi Public 9-12 3-5 3
      Donald C Parker Early Educ Center 0.9 mi Public PRESCHOOL-K 0 0
      Firstborn Christian Academy 0.9 mi Private PRESCHOOL-12 0 0
      Marquette Elementary School 1.0 mi Public 1-3 2-5 4
      Walter Lawson Childrens Home 1.0 mi Private - 0 0
      Maple Elementary School 1.1 mi Public 1-6 1 5
      Ralston Elementary School 1.2 mi Public 1-6 2-5 5
      Concordia Lutheran School 1.5 mi Private PRESCHOOL-6 0 4
      Rock Cut Elementary School 1.6 mi Public 1-6 2 4
      Windsor Elementary School 1.9 mi Public 1-6 2 2
      Harlem Middle School 1.9 mi Public 7-8 2 3
      St. Bridget School 2.4 mi Catholic PRESCHOOL-8 0 4
      Regional Alternative School 2.6 mi Public 9-12 0 0
      Loves Park Elementary School 2.9 mi Public 1-6 2-5 4
      Boylan Central Catholic High School 3.0 mi Catholic 9-12 0 4
      Montessori Elementary School 3.2 mi Public PRESCHOOL-3 2-5 5
      Kennedy Middle School 3.2 mi Public 6-8 0 2
      Thurgood Marshall School 3.2 mi Public 4-8 0 0
      Rocvale Childrens Home 3.3 mi Private - 0 0
      West View Elementary School 3.7 mi Public PRESCHOOL-5 2 2
      Spectrum School 3.8 mi Private PRESCHOOL-12 0 5
      St. Bernadette 4.6 mi Catholic PRESCHOOL-8 0 0
      St Bernadette 4.6 mi Catholic PRESCHOOL-8 0 0
      R K Welsh Elementary School 4.6 mi Public K-5 1 4
      Walker Elementary School 4.8 mi Public K-5 1 4
      West Middle School 4.9 mi Public 6-8 0 3
      St. Peter Cathedral School 5.1 mi Catholic PRESCHOOL-8 0 4
      Roosevelt Center 5.4 mi Public 9-12 0 1
      Haskell Academy 5.6 mi Public PRESCHOOL-5 1 0
      Easter Seals Therap Rockford 5.8 mi Private K-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Machesney Park, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.