Colonial Gardens, IL Housing Market

The Colonial Gardens housing market is somewhat competitive. The median sale price of a home in Colonial Gardens was $99K last month, down 17.5% since last year. The median sale price per square foot in Colonial Gardens is $93, down 30.7% since last year.

Trends
Demand
Schools
Climate

Colonial Gardens Housing Market Trends

What is the housing market like in Colonial Gardens today?

In October 2024, Colonial Gardens home prices were down 17.5% compared to last year, selling for a median price of $99K.

$153K

Sale Price

+10.0%
since last year

$93

Sale $/Sq. Ft.

-30.7%
since last year

Under List Price

0.1%

Days on Market

Down Payment

—

Total Homes Sold

To compare other locations to the Colonial Gardens and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Machesney Park add value to a home.

How hot is the Colonial Gardens housing market?

Colonial Gardens is somewhat competitive. Homes sell in 26 days.

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for around list price and go pending in around 26 days.
Hot homes
can sell for about 7% above list price and go pending in around 7 days.

Compare With Nearby Neighborhoods

East Rockford

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 9 days.
Hot homes
can sell for about 3% above list price and go pending in around 4 days.

North Rockford

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% below list price and go pending in around 12 days.
Hot homes
can sell for about 3% above list price and go pending in around 4 days.

See more nearby cities and neighborhoods

View houses in Colonial Gardens that sold recently

Recently sold homes

SOLD DEC 9, 2024
$145,000 Last Sold Price
3 beds
2 baths
1,696 sq ft
844 Drexel Blvd, Machesney Park, IL 61115
List Price
$160,000
Sale to List
9% under list
Days on Market
150 days
844 Drexel Blvd, Machesney Park, IL 61115
SOLD NOV 18, 2024
$60,000
—beds
—baths
—sq ft
702 Ramona Ter, Machesney Park, IL 61115
List Price
—
Sale to List
—
Days on Market
—
702 Ramona Ter, Machesney Park, IL 61115
SOLD NOV 12, 2024
$155,000 Last Sold Price
3 beds
2 baths
1,450 sq ft
932 Colonial Dr, Machesney Park, IL 61115
List Price
$155,000
Sale to List
0% over list
Days on Market
42 days
932 Colonial Dr, Machesney Park, IL 61115
SOLD NOV 8, 2024
$150,750 Last Sold Price
3 beds
1.5 baths
1,842 sq ft
643 Colonial Dr, Machesney Park, IL 61111
List Price
$150,000
Sale to List
0% over list
Days on Market
37 days
643 Colonial Dr, Machesney Park, IL 61111
SOLD OCT 3, 2024
$73,000 Last Sold Price
3 beds
1.5 baths
2,115 sq ft
801 Evans Ave, Machesney Park, IL 61115
List Price
$89,900
Sale to List
19% under list
Days on Market
19 days
801 Evans Ave, Machesney Park, IL 61115
SOLD AUG 19, 2024
$160,000 Last Sold Price
3 beds
2 baths
1,193 sq ft
835 Evans Ave, Machesney Park, IL 61115
List Price
$159,900
Sale to List
0% over list
Days on Market
38 days
835 Evans Ave, Machesney Park, IL 61115
SOLD AUG 8, 2024
$125,000 Last Sold Price
3 beds
1 bath
956 sq ft
1000 Drexel Blvd, Machesney Park, IL 61115
List Price
$130,000
Sale to List
4% under list
Days on Market
63 days
1000 Drexel Blvd, Machesney Park, IL 61115
SOLD AUG 6, 2024
$65,000 Last Sold Price
2 beds
1 bath
786 sq ft
706 Wood Ave, Machesney Park, IL 61115
List Price
$74,900
Sale to List
13% under list
Days on Market
25 days
706 Wood Ave, Machesney Park, IL 61115
See all recently sold homes in Colonial Gardens.
See listings

Schools in Colonial Gardens

Learn about schools in the Colonial Gardens area

Elementary
Middle
High

GreatSchools Rating

No elementary schools in this region.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Colonial Gardens housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Colonial Gardens.

Flood Factor - Minor

56% of properties are at risk of severe flooding over the next 30 years

Wind Factor - Minor

100% of properties are at minor risk of a severe wind event over the next 30 years

Heat Factor - Moderate

68% of properties are at moderate risk of heat over the next 30 years

Provided by First Street Foundation

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