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 September 2021

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.

How much do homes in Harlem Township, IL cost?

Median Sold Price

$175,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$15,000(+9.4%)

Key Takeaway

Homes in Harlem Township have sold for 9.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $101.7K$49K
-51.8%
2 $107.9K$95.5K
-11.5%
3 $164.9K$180K
+9.1%
4 $210K$235K
+11.9%
5+ $295K$300K
+1.7%

Median Sold Price Compared To Nearby Cities

Roscoe
+29.7%
Loves Park
+17.8%
Harlem Township
+9.4%
Machesney Park
-4.7%

How many homes are available in Harlem Township, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
6053-11.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 23
+50.0%
2 108
-20.0%
3 2924
-17.2%
4 1817
-5.6%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
2423-4.2%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

11 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. 47.8% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
28 Days13 Days-51.1%

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Harlem Township, IL

Harlem Township, IL has 53 homes for sale to choose from. The number of listings in Harlem Township, IL decreased by 11.7% between August 2022 and September 2022. In September 2022 median list price was $175,000 and the average listing age was 13 days. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties decreased by 51.8%, 2 bedrooms properties became 11.5% more cheaper, prices of 3 bedrooms properties went up by 9.1%, 4 bedrooms properties became 11.9% more expensive, prices of 5 bedrooms properties increased by 1.7%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 50%, number of 2 bedrooms homes decreased by 20%, number of 3 bedrooms homes decreased by 17.2%, the quantity of 4 bedrooms homes went down by 5.6%, the quantity of 5 bedrooms homes have not changed. Over 11 listings were sold over their listed price in September 2022 in Harlem Township, IL. In the same period over 7 listings were sold below the listed price and 5 listings were sold for the listed price.

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