Is Harvard, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harvard is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Harvard has remained a Seller's Market.

Key Takeaway

Harvard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$58,050(+30.6%)

Key Takeaway

Homes in Harvard have sold for 30.6% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $100K-
N/A
2 $141.5K$175K
+23.7%
3 $202.5K$247K
+22.0%
4 $200K$295K
+47.5%
5+ $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
+30.6%
Chemung Township
+18.5%

Housing Supply in Harvard, IL

How many homes are available in Harvard, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3651+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2029
+45.0%
4 1014
+40.0%
5+ 35
+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 2024May 2024CHANGE
514+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harvard, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.

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 2023May 2024CHANGE
39 Days38 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Harvard are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Harvard, IL

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