Is Harwood Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harwood Heights is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Harwood Heights, IL

How much do homes in Harwood Heights, IL cost?

Median Sold Price

$330,000

$234/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since April 2023.

Key Takeaway

The sold price of homes in Harwood Heights has remained the same since last year.

Summary: The median home sold price in Harwood Heights was $330,000 in April 2024, the same as last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $171.5K$180.5K
+5.2%
2 $271.4K$278K
+2.4%
3 $352.5K$380K
+7.8%
4 $407.5K$580K
+42.3%
5+ $525K$489.1K
-6.8%

Summary: Harwood Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 42.3%, and 5+ bedroom homes decreased by 6.8%.

Median Sold Price Compared To Nearby Cities

Norwood Park Township
+8.3%
Norridge
+5.7%
Chicago
+2.1%
Harwood Heights
0.0%

Housing Supply in Harwood Heights, IL

How many homes are available in Harwood Heights, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2530+20.0%

Summary: The Harwood Heights real estate market had 30 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 21
-50.0%
2 910
+11.1%
3 1010
0.0%
4 38
+166.7%
5+ 11
0.0%

Summary: The Harwood Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harwood Heights, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Harwood Heights in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.

Days on Market for Harwood Heights, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
45 Days21 Days-52.9%

Summary: Homes in Harwood Heights had an average of 21 days on market in Apr 2024, down by 52.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 8 homes were sold in Harwood Heights; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Harwood Heights, IL

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