Why Live in Merrionette Park
Merrionette Park, a small village in Cook County, is home to around 2,000 residents and features walkable, sidewalk-lined streets. Most homes are within walking distance of parks, grocery stores, and medical centers. The neighborhood offers a suburban atmosphere with the conveniences of suburban living, including lower house prices and established homes. Housing options range from cozy brick bungalows with two bedrooms to larger four-bedroom homes, featuring styles such as split-levels, ranch-style homes, and bungalows. Local amenities include the centrally located Jewel-Osco and Dollar Tree for grocery shopping, and dining options like Beggars Pizza, known for its deep-dish and stuffed pizzas, and Lumes Pancake House on Western Avenue. Merrionette Park also features baseball and softball diamonds on Kedzie Avenue and is a short drive from Kennedy Park, which offers tree-shaded walking paths, an outdoor hockey rink, a playground, and a community pool. The neighborhood is served by a pipeline of public schools, including Lawn Manor School, Meadow Lane School, Hamlin Upper Grade Center, and Eisenhower High School, which provide a range of educational opportunities.
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 $216,444.
How many homes have sold over the last 12 months in Merrionette Park, IL?
23 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 $224,900. If you put a 20% down payment of $45,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,170 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $50K 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 17 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 $215,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$215,000
Median Single Family Sale Price
$221,500
Median 2 Bedroom Sale Price
$128,000
Median 1 Bedroom Sale Price
$90,000
Average Price Per Sq Ft
$188
Number of Homes for Sale
2
Last 12 months Home Sales
23
Median List Price
$224,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
4%