Is Harvey, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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
$120,000
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Harvey was $120,000 in March 2024, up 13.7% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $16.5K | - | N/A |
2 Bedrooms | $65.9K | $71.5K | +8.5% |
3 Bedrooms | $106K | $119K | +12.3% |
4 Bedrooms | $130K | $159.9K | +23.1% |
5+ Bedrooms | $118K | $135K | +14.4% |
Summary: Harvey 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 8.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
Harvey | $105.5K | $120K | +13.7% |
Markham | $140K | $155K | +10.7% |
Thornton Township | $160K | $159K | -0.6% |
Housing Supply in Harvey, IL
How many homes are available in Harvey, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 95 | +20.3% |
Summary: The Harvey real estate market had 95 homes for sale in March 2024, a 20.3% 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 | 10 | 14 | +40.0% |
3 Bedrooms | 47 | 58 | +23.4% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Harvey 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 increased by 40%, 3 bedroom homes increased by 23.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Harvey in March 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 13 Days | -77.2% |
Summary: Homes in Harvey had an average of 13 days on market in Mar 2024, down by 77.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Harvey; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.