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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Heyworth is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Heyworth was a Neutral Market.

Key Takeaway

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

Housing Prices in Heyworth, IL

How much do homes in Heyworth, IL cost?

Median Sold Price

$245,000

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$62,000(+33.9%)

Key Takeaway

Homes in Heyworth have sold for 33.9% more than they did a year ago.

Summary: The median home sold price in Heyworth was $245,000 in May 2024, up 33.9% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $123.7K$120K
-3.0%
3 $181K$230K
+27.1%
4 $240K$279K
+16.3%
5+ $318K$289K
-9.1%

Summary: Heyworth 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 decreased by 3%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes decreased by 9.1%.

Median Sold Price Compared To Nearby Cities

Heyworth
+33.9%
Randolph Township
+18.5%

Housing Supply in Heyworth, IL

How many homes are available in Heyworth, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1516+6.7%

Summary: The Heyworth real estate market had 16 homes for sale in May 2024, a 6.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 98
-11.1%
4 33
0.0%
5+ 12
+100.0%

Summary: The Heyworth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Heyworth, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Heyworth in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Heyworth, IL

How long does it take to sell a home in Heyworth, IL?

Average Sale Time

May 2023May 2024CHANGE
7 Days45 Days+516.4%

Summary: Homes in Heyworth had an average of 45 days on market in May 2024, up by 516.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Heyworth; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 Heyworth, IL

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