Is Harvey, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harvey is a buyer's market

Buyer's
Market

Difference Since October 2021

At the same time last year, Harvey was a Seller's Market.

Key Takeaway

Harvey is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Harvey, IL cost?

Median Sold Price

$90,000

$76/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2021.

Key Takeaway

The sold price of homes in Harvey has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 -$16.5K
N/A
2 $66K$65.5K
-0.8%
3 $88.9K$90K
+1.2%
4 $113.1K$147K
+29.9%
5+ $107.4K$107.5K
0.0%

Median Sold Price Compared To Nearby Cities

Dixmoor
+19.1%
Markham
+16.7%
Thornton Township
+8.6%
Harvey
0.0%

How many homes are available in Harvey, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
103111+7.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 1515
0.0%
3 6573
+12.3%
4 1213
+8.3%
5+ 1110
-9.1%

Number of Homes Sold

Sep 2022Oct 2022%
1713-23.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harvey, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
28 Days48 Days+69.1%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Harvey 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 Harvey, IL

Harvey, IL has 111 homes on the market. Between September 2022 and October 2022, Harvey, IL real estate market has seen increase in the number of listings by 7.8%. Listings spent 48 days on the market in October 2022, and had a median list price of $90,000 during the same period. Real estate listing prices changed between September 2022 and October 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0.8% more cheaper, the cost of 3 bedrooms properties went up by 1.2%, prices of 4 bedrooms properties went up by 29.9%, 5 bedrooms properties did not move. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes did not move, 3 bedrooms homes became 12.3% more available, 4 bedrooms homes became 8.3% more available, 5 bedrooms homes inventory decreased by 9.1%. In October 2022, from all listings sold in Harvey, IL there were more than 5 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price.

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