Is Harvey, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Harvey was a Seller's Market.
Housing Prices in Harvey, IL
How much do homes in Harvey, IL cost?
Median Sold Price
$115,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Harvey was $115,000 in November 2023, up 16.2% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $16.5K | - | N/A |
2 Bedrooms | $65.5K | $65K | -0.8% |
3 Bedrooms | $90K | $117.2K | +30.2% |
4 Bedrooms | $160K | $134.5K | -15.9% |
5+ Bedrooms | $107.5K | $135K | +25.6% |
Summary: Harvey housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 30.2%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes increased by 25.6%.
Median Sold Price Compared To Nearby Cities
Harvey | $99K | $115K | +16.2% |
Dixmoor | $129.5K | $131K | +1.2% |
Thornton Township | $162.1K | $155K | -4.4% |
Markham | $147.5K | $140K | -5.1% |
Phoenix | $155K | $140K | -9.7% |
Housing Supply in Harvey, IL
How many homes are available in Harvey, IL?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
106 | 96 | -9.4% |
Summary: The Harvey real estate market had 96 homes for sale in November 2023, a 9.4% decrease compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 62 | 58 | -6.5% |
4 Bedrooms | 22 | 16 | -27.3% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Harvey housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 15.4%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
22 | 11 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Harvey in November 2023, down by 50.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 0% were sold at asking, and 45% were sold over asking.
Days on Market for Harvey, IL
How long does it take to sell a home in Harvey, IL?
Average Sale Time
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
42 Days | 26 Days | -37.8% |
Summary: Homes in Harvey had an average of 26 days on market in Nov 2023, down by 37.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During November 2023, 11 homes were sold in Harvey; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.