Is Henry, 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, Henry has remained a Seller's Market.
Key Takeaway
Henry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Henry, IL
How much do homes in Henry, IL cost?
Median Sold Price
$109,900
$72/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Henry have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Henry was $109,900 in May 2024, up 4.6% from last year, and the median price per square foot was $72.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $32.9K | N/A |
| 2 Bedrooms | $69K | $80.7K | +17.0% |
| 3 Bedrooms | $119K | $105.7K | -11.1% |
| 4 Bedrooms | $56K | $145K | +158.9% |
| 5+ Bedrooms | - | $138.2K | N/A |
Summary: Henry 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 17%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 158.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Henry | $105.1K | $109.9K | +4.6% |
| Henry Township | $105.1K | $109.9K | +4.6% |
Housing Supply in Henry, IL
How many homes are available in Henry, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Henry real estate market had 5 homes for sale in May 2024, a 16.7% decrease 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Henry 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Henry, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Henry in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Henry, IL
How long does it take to sell a home in Henry, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 71 Days | 51 Days | -28.8% |
Summary: Homes in Henry had an average of 51 days on market in May 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Henry has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Henry; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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