Is Henry County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Henry County has remained a Seller's Market.
Housing Prices in Henry County, IL
How much do homes in Henry County, IL cost?
Median Sold Price
$145,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Henry County was $145,000 in April 2024, up 1% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $46.8K | $50K | +6.7% |
2 Bedrooms | $96K | $95K | -1.0% |
3 Bedrooms | $146K | $145K | -0.7% |
4 Bedrooms | $200K | $210K | +5.0% |
5+ Bedrooms | $252K | $235K | -6.7% |
Summary: Henry County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 6.7%.
Median Sold Price Compared To Nearby Counties
Rock Island County | $133.4K | $148.6K | +11.4% |
Whiteside County | $114.9K | $124.5K | +8.3% |
Bureau County | $123.5K | $125.3K | +1.5% |
Henry County | $143.5K | $145K | +1.0% |
Housing Supply in Henry County, IL
How many homes are available in Henry County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 104 | +1.0% |
Summary: The Henry County real estate market had 104 homes for sale in April 2024, a 1.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 45 | 47 | +4.4% |
4 Bedrooms | 30 | 29 | -3.3% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Henry County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 24 | -22.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Henry County in April 2024, down by 22.6% month-over-month. Of the 24 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Henry County, IL
How long does it take to sell a home in Henry County, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 32 Days | -9.7% |
Summary: Homes in Henry County had an average of 32 days on market in Apr 2024, down by 9.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Henry County; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.