Is Herscher, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Herscher has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $45K | $147.9K | +228.8% |
3 Bedrooms | $178K | $199K | +11.8% |
4 Bedrooms | $275K | $269.9K | -1.9% |
5+ Bedrooms | - | - | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 4 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 1 | -66.7% |
Days on Market for Herscher, IL
How long does it take to sell a home in Herscher, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
2 Days | 62 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
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.