Is Harwood Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harwood Heights is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Harwood Heights has remained a Seller's Market.

Key Takeaway

Harwood Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Harwood Heights, IL cost?

Median Sold Price

$330,000

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$18,125(+5.8%)

Key Takeaway

Homes in Harwood Heights have sold for 5.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $143.3K$183K
+27.7%
2 $251.5K$265K
+5.4%
3 $337.2K$335K
-0.7%
4 $392.5K$405K
+3.2%
5+ $478.2K$515K
+7.7%

Median Sold Price Compared To Nearby Cities

Harwood Heights
+5.8%
Norridge
+4.0%
Chicago
+2.5%
Norwood Park Township
+1.2%

How many homes are available in Harwood Heights, IL?

Number of Homes For Sale

Sep 2022Oct 2022%
4041+2.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 10
-100.0%
2 1314
+7.7%
3 1519
+26.7%
4 57
+40.0%
5+ 61
-83.3%

Number of Homes Sold

Sep 2022Oct 2022%
157-53.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harwood Heights, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
48 Days6 Days-87.4%

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Harwood Heights 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 Harwood Heights, IL

Homes for sale in Harwood Heights, IL have reached 41. In October 2022 in Harwood Heights, IL there were 2.5% more homes for sale than in September 2022. While the average time on the market in October 2022 was 6 days, the median list price was $330,000. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties went up by 27.7%, 2 bedrooms properties became 5.4% more expensive, the cost of 3 bedrooms properties went down by 0.7%, the cost of 4 bedrooms properties went up by 3.2%, 5 bedrooms properties prices increased by 7.7%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 100%, volume of 2 bedrooms homes went up by 7.7%, the quantity of 3 bedrooms homes went up by 26.7%, 4 bedrooms homes became 40% more available, number of 5 bedrooms homes decreased by 83.3%. In October 2022 more than 1 listings in Harwood Heights, IL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 3 were sold below.

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