Is Henry County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Henry County is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Henry County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Henry County, IL

How much do homes in Henry County, IL cost?

Median Sold Price

$139,416

$91/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$13,833(-9.0%)

Key Takeaway

Homes in Henry County have sold for 9% less than they did a year ago.

Summary: The median home sold price in Henry County was $139,416 in September 2024, down 9% from last year, and the median price per square foot was $91.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $71.5K$45K
-37.1%
2 $100K$94.5K
-5.5%
3 $151.5K$136K
-10.2%
4 $210K$199K
-5.2%
5+ $265K$190K
-28.3%

Summary: Henry County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.1%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 28.3%.

Median Sold Price Compared To Nearby Counties

Bureau County
+12.7%
Stark County
+9.8%
Rock Island County
+9.4%
Whiteside County
+5.6%
Henry County
-9.0%

Housing Supply in Henry County, IL

How many homes are available in Henry County, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
151150-0.7%

Summary: The Henry County real estate market had 150 homes for sale in September 2024, a 0.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 3330
-9.1%
3 7572
-4.0%
4 3838
0.0%
5+ 38
+166.7%

Summary: The Henry County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 166.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3440+17.6%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Henry County, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in Henry County in September 2024, up by 17.6% month-over-month. Of the 40 sold homes, 55% were sold under asking, 20% 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

Sep 2023Sep 2024CHANGE
14 Days22 Days+49.3%

Summary: Homes in Henry County had an average of 22 days on market in Sep 2024, up by 49.3% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Henry County are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 40 homes were sold in Henry County; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% 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 30 Days Ago

Newest Listings in Henry County, IL

Nearby Markets to Henry County, IL

What housing markets are near Henry County, IL?