Is Harlem Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harlem Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Harlem Township has remained a Seller's Market.

Key Takeaway

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

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

+$3,350(+1.9%)

Key Takeaway

Homes in Harlem Township have sold for 1.9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $68.5K-
N/A
2 $116.2K$150K
+29.0%
3 $180K$187.5K
+4.2%
4 $250K$251.2K
0.5%
5+ $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
+11.6%
Machesney Park
+5.6%
Harlem Township
+1.9%
Loves Park
+1.7%

Housing Supply in Harlem Township, IL

How many homes are available in Harlem Township, IL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3747+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

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 814
+75.0%
3 2125
+19.0%
4 65
-16.7%
5+ 22
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 2024Feb 2024CHANGE
917+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harlem Township, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
18 Days35 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Harlem Township, IL

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