Is Harrisburg, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Harrisburg has remained a Neutral Market.
Key Takeaway
Harrisburg is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Harrisburg, IL
How much do homes in Harrisburg, IL cost?
Median Sold Price
$79,950
$62/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Harrisburg have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Harrisburg was $79,950 in March 2024, down 5.6% from last year, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $30K | -60.0% |
| 2 Bedrooms | $48.2K | $76K | +57.5% |
| 3 Bedrooms | $107K | $82.2K | -23.1% |
| 4 Bedrooms | $142.5K | $157K | +10.2% |
| 5+ Bedrooms | $110K | $28K | -74.5% |
Summary: Harrisburg housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 57.5%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 74.5%.
Median Sold Price Compared To Nearby Cities
| Harrisburg Township | $84.6K | $80K | -5.5% |
| Harrisburg | $84.6K | $79.9K | -5.6% |
Housing Supply in Harrisburg, IL
How many homes are available in Harrisburg, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 44 | 47 | +6.8% |
Summary: The Harrisburg real estate market had 47 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Harrisburg housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Harrisburg, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Harrisburg in March 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Harrisburg, IL
How long does it take to sell a home in Harrisburg, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 53 Days | 119 Days | +124.5% |
Summary: Homes in Harrisburg had an average of 119 days on market in Mar 2024, up by 124.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Harrisburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 7 homes were sold in Harrisburg; 43% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.