Is Harlem Township, 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, Harlem Township has remained a Seller's Market.
Housing Prices in Harlem Township, IL
How much do homes in Harlem Township, IL cost?
Median Sold Price
$195,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Harlem Township was $195,000 in May 2024, up 6.3% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68.5K | $74K | +8.0% |
2 Bedrooms | $133K | $149K | +12.0% |
3 Bedrooms | $180K | $195.5K | +8.6% |
4 Bedrooms | $252.5K | $261K | +3.4% |
5+ Bedrooms | $282.5K | $302.5K | +7.1% |
Summary: Harlem Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
Roscoe | $249.9K | $279.9K | +12.0% |
Loves Park | $163K | $175K | +7.3% |
Harlem Township | $183.5K | $195K | +6.3% |
Machesney Park | $166.7K | $166.9K | 0.1% |
Housing Supply in Harlem Township, IL
How many homes are available in Harlem Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 57 | -8.1% |
Summary: The Harlem Township real estate market had 57 homes for sale in May 2024, a 8.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 13 | 9 | -30.8% |
3 Bedrooms | 34 | 32 | -5.9% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Harlem Township 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 30.8%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 17 | -43.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Harlem Township in May 2024, down by 43.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 12% were sold at asking, and 41% were sold over asking.
Days on Market for Harlem Township, IL
How long does it take to sell a home in Harlem Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 18 Days | +27.7% |
Summary: Homes in Harlem Township had an average of 18 days on market in May 2024, up by 27.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Harlem Township; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.