Is Machesney Park, IL 61115 a buyer’s or seller’s market?
Machesney Park is a seller’s market. With about 1 months of supply and 63% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 98% of U.S. ZIP codes, and #3 of 464 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Machesney Park housing market right now
In the three months ending August 31, 2026, 63% of homes in Machesney Park, IL 61115 sold above their list price, the typical home went under contract in 7 days and there was 1 month of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 90 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 52%, homes sold about as fast and the median sale price rose 21% to $234,898. Overall, Machesney Park is more competitive than a year ago, so tougher for buyers.
Within Winnebago County, homes here sell faster than in 69% of the county’s ZIP codes, and sell more often over asking than in 94%. On our competition score, Machesney Park ranks #3 of 464 IL ZIP codes with enough sales (score 95 out of 100).
Nearby, buyers who want less competition could look at Rockford 61104 (25% sold over asking) or Durand 61024 (29% sold over asking).
Run the numbers for 61115
Nearby markets
Cherry Valley 61016Seller’s market $175 /sq ftDurand 61024Seller’s market $161 /sq ftLoves Park 61111Seller’s market $149 /sq ftPecatonica 61063Seller’s market $158 /sq ft Browse all markets →Towns like Machesney Park nearby
Find towns like Machesney Park in other states →Where Machesney Park is
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Questions about Machesney Park real estate
Is Machesney Park a buyer’s or seller’s market?
A seller’s market: there was 1 months of supply in Machesney Park, IL 61115 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Machesney Park?
The typical home went under contract in 7 days in the latest three months.
Do homes in Machesney Park sell over asking?
63% of homes sold above their original list price, and the typical sale closed at 101.3% of the list price.
What are property taxes in Machesney Park?
About 2.39% of a home’s value a year in Winnebago County, or roughly $9,560 on a $400,000 home.
What is the median home price in Machesney Park?
The median sale price was $234,898 in the three months ending August 31, 2026, about $151 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology