Is Harlem Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$184,350
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Harlem Township was $184,350 in February 2024, up 1.9% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68.5K | - | N/A |
2 Bedrooms | $116.2K | $150K | +29.0% |
3 Bedrooms | $180K | $187.5K | +4.2% |
4 Bedrooms | $250K | $251.2K | 0.5% |
5+ Bedrooms | $280K | $302.5K | +8.0% |
Summary: Harlem Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
Roscoe | $245K | $273.5K | +11.6% |
Machesney Park | $160K | $169K | +5.6% |
Harlem Township | $181K | $184.3K | +1.9% |
Loves Park | $171K | $174K | +1.7% |
Housing Supply in Harlem Township, IL
How many homes are available in Harlem Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
37 | 47 | +27.0% |
Summary: The Harlem Township real estate market had 47 homes for sale in February 2024, a 27.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 8 | 14 | +75.0% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Harlem Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 17 | +88.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Harlem Township in February 2024, up by 88.9% month-over-month. Of the 17 sold homes, 24% were sold under asking, 24% were sold at asking, and 53% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
18 Days | 35 Days | +89.3% |
Summary: Homes in Harlem Township had an average of 35 days on market in Feb 2024, up by 89.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 17 homes were sold in Harlem Township; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.