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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Henry Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Henry Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Henry Township, IL

How much do homes in Henry Township, IL cost?

Median Sold Price

$159,500

$79/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$126,600(+384.8%)

Key Takeaway

Homes in Henry Township have sold for 384.8% more than they did a month ago.

Summary: The median home sold price in Henry Township was $159,500 in March 2024, up 384.8% from last month, and the median price per square foot was $79.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 $32.9K-
N/A
2 -$65K
N/A
3 --
N/A
4 $35K$254K
+625.7%
5+ --
N/A

Summary: Henry Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 625.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Henry Township
+384.8%
Henry
+384.8%

Housing Supply in Henry Township, IL

How many homes are available in Henry Township, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
68+33.3%

Summary: The Henry Township real estate market had 8 homes for sale in March 2024, a 33.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 20
-100.0%
2 13
+200.0%
3 11
0.0%
4 23
+50.0%
5+ 01
+100.0%

Summary: The Henry Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Henry Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Henry Township in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Henry Township, IL

How long does it take to sell a home in Henry Township, IL?

Average Sale Time

Feb 2024Mar 2024CHANGE
31 Days102 Days+222.1%

Summary: Homes in Henry Township had an average of 102 days on market in Mar 2024, up by 222.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Henry Township has remained consistent over time.

Summary: During March 2024, 2 homes were sold in Henry Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 25 Days Ago

Newest Listings in Henry Township, IL

Nearby Markets to Henry Township, IL

What housing markets are near Henry Township, IL?