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 buyer's market

Buyer's
Market

Difference Since November 2022

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

Key Takeaway

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

Housing Prices in Harwood Heights, IL

How much do homes in Harwood Heights, IL cost?

Median Sold Price

$360,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$30,000(+9.1%)

Key Takeaway

Homes in Harwood Heights have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in Harwood Heights was $360,000 in November 2023, up 9.1% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $183K$166K
-9.3%
2 $266K$286K
+7.5%
3 $339K$390K
+15.0%
4 $382.5K$562K
+46.9%
5+ $496.9K$483K
-2.8%

Summary: Harwood Heights housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 46.9%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Cities

Harwood Heights
+9.1%
Norwood Park Township
+8.6%
Norridge
+2.9%
Chicago
-2.3%

Housing Supply in Harwood Heights, IL

How many homes are available in Harwood Heights, IL?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
1923+21.1%

Summary: The Harwood Heights real estate market had 23 homes for sale in November 2023, a 21.1% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 22
0.0%
2 49
+125.0%
3 77
0.0%
4 33
0.0%
5+ 32
-33.3%

Summary: The Harwood Heights 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 increased by 125%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harwood Heights, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Harwood Heights in November 2023, down by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Harwood Heights, IL

How long does it take to sell a home in Harwood Heights, IL?

Average Sale Time

Nov 2022Nov 2023CHANGE
9 Days4 Days-53.6%

Summary: Homes in Harwood Heights had an average of 4 days on market in Nov 2023, down by 53.6% compared to last year.

Breakdown of Home Sale Times

2 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.

Summary: During November 2023, 2 homes were sold in Harwood Heights; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in Harwood Heights, IL

Nearby Markets to Harwood Heights, IL

What housing markets are near Harwood Heights, IL?