Why Live in Merrionette Park
Merrionette Park, IL, is a small village in Cook County with a population of about 2,000 residents. This close-knit community, originally developed in the 1940s, features walkable streets lined with sidewalks, providing easy access to parks, grocery stores, and medical centers. The village offers a suburban atmosphere with the conveniences of urban living, including more affordable housing options compared to nearby south Chicago suburbs. Home styles in Merrionette Park include cozy brick bungalows, split-levels, and ranch-style homes, with prices ranging from around $160,000 for smaller two-bedroom homes to $250,000 and above for larger four-bedroom properties. Residents can shop at the centrally located Jewel-Osco or Dollar Tree and enjoy local dining options like Beggars Pizza, known for its deep-dish pies, or Lumes Pancake House on Western Avenue. The area features several parks, including Kennedy Park, which offers walking paths, an outdoor hockey rink, and a community pool. Merrionette Park's educational system includes a quad-school pipeline, with Eisenhower High School providing a variety of unique courses and programs.
Frequently Asked Questions
What is the average home price in Merrionette Park, IL?
Homes for sale in Merrionette Park, IL have an average home price of $227,115.
How many homes have sold over the last 12 months in Merrionette Park, IL?
25 homes have sold in Merrionette Park, IL over the last 12 months.
What are the most popular zip codes in Merrionette Park, IL?
How much do you need to make to afford a house in Merrionette Park?
The median home price in Merrionette Park is $227,400. If you put a 20% down payment of $45,500 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $1,180 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $51K a year to afford the median home price in Merrionette Park.
How are the schools in Merrionette Park, IL?
Home Trends in Merrionette Park, IL
On average, homes in Merrionette Park, IL sell after 19 days on the market compared to the national average of 50 days. The median sale price for homes in Merrionette Park, IL over the last 12 months is $220,000, up 5% from the median home sale price over the previous 12 months.
Median Sale Price
$220,000
Median Single Family Sale Price
$226,950
Median 2 Bedroom Sale Price
$128,000
Median 1 Bedroom Sale Price
$90,000
Average Price Per Sq Ft
$194
Number of Homes for Sale
1
Last 12 months Home Sales
25
Median List Price
$227,400
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
5%