Is Harvard, 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, Harvard has remained a Seller's Market.
Housing Prices in Harvard, IL
How much do homes in Harvard, IL cost?
Median Sold Price
$225,800
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Harvard was $225,800 in March 2024, up 15.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | - | N/A |
2 Bedrooms | $136K | $175K | +28.7% |
3 Bedrooms | $210K | $238.7K | +13.7% |
4 Bedrooms | $205K | $282.5K | +37.8% |
5+ Bedrooms | $236.5K | $193.2K | -18.3% |
Summary: Harvard housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.7%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 37.8%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
Dunham Township | $218.7K | $259.9K | +18.8% |
Harvard | $195.7K | $225.8K | +15.4% |
Chemung Township | $189K | $202.5K | +7.1% |
Alden Township | $350K | $370K | +5.7% |
Housing Supply in Harvard, IL
How many homes are available in Harvard, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 36 | +5.9% |
Summary: The Harvard real estate market had 36 homes for sale in March 2024, a 5.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Harvard housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 13 | +225.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Harvard in March 2024, up by 225.0% month-over-month. Of the 13 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% were sold over asking.
Days on Market for Harvard, IL
How long does it take to sell a home in Harvard, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 56 Days | +192.5% |
Summary: Homes in Harvard had an average of 56 days on market in Mar 2024, up by 192.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Harvard; 46% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.