Is Herscher, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Herscher is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Herscher, IL

How much do homes in Herscher, IL cost?

Median Sold Price

$179,950

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$5,050(-2.7%)

Key Takeaway

Homes in Herscher have sold for 2.7% less than they did a year ago.

Summary: The median home sold price in Herscher was $179,950 in March 2024, down 2.7% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $45K$147.9K
+228.8%
3 $178K$199K
+11.8%
4 $275K$269.9K
-1.9%
5+ --
N/A

Summary: Herscher housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 228.8%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes did not change.

Housing Supply in Herscher, IL

How many homes are available in Herscher, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
54-20.0%

Summary: The Herscher real estate market had 4 homes for sale in March 2024, a 20.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 22
0.0%
4 11
0.0%
5+ 11
0.0%

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

Number of Homes Sold

Feb 2024Mar 2024CHANGE
31-66.7%

Days on Market for Herscher, IL

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

Average Sale Time

Mar 2023Mar 2024CHANGE
2 Days62 Days+3000.0%

Summary: Homes in Herscher had an average of 62 days on market in Mar 2024, up by 3000% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Herscher has remained consistent over time.

Summary: During March 2024, 1 homes were sold in Herscher; 0% of homes were sold within 30 days, 100% 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 15 Days Ago

Newest Listings in Herscher, IL

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