Is Harvard, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Harvard has remained a Seller's Market.
Housing Prices in Harvard, IL
How much do homes in Harvard, IL cost?
Median Sold Price
$248,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Harvard was $248,000 in May 2024, up 30.6% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | - | N/A |
2 Bedrooms | $141.5K | $175K | +23.7% |
3 Bedrooms | $202.5K | $247K | +22.0% |
4 Bedrooms | $200K | $295K | +47.5% |
5+ Bedrooms | $196K | $230K | +17.3% |
Summary: Harvard housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 47.5%, and 5+ bedroom homes increased by 17.3%.
Median Sold Price Compared To Nearby Cities
Harvard | $189.9K | $248K | +30.6% |
Chemung Township | $189.9K | $225K | +18.5% |
Housing Supply in Harvard, IL
How many homes are available in Harvard, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 51 | +41.7% |
Summary: The Harvard real estate market had 51 homes for sale in May 2024, a 41.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 20 | 29 | +45.0% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Harvard housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 45%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 14 | +180.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Harvard in May 2024, up by 180.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 29% were sold at asking, and 36% were sold over asking.
Days on Market for Harvard, IL
How long does it take to sell a home in Harvard, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 38 Days | -2.4% |
Summary: Homes in Harvard had an average of 38 days on market in May 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Harvard; 50% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.