Is Johnsburg / McHenry, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnsburg / McHenry is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Johnsburg / McHenry has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Johnsburg / McHenry, IL

How much do homes in Johnsburg / McHenry, IL cost?

Median Sold Price

$385,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$75,000(+24.2%)

Key Takeaway

Homes in Johnsburg / McHenry have sold for 24.2% more than they did a year ago.

Summary: The median home sold price in Johnsburg / McHenry was $385,000 in April 2024, up 24.2% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$350K
N/A
2 $232.5K$310K
+33.3%
3 $314.5K$350K
+11.3%
4 $399.9K$492.5K
+23.1%
5+ $625K$612K
-2.1%

Summary: Johnsburg / McHenry housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 2.1%.

Housing Supply in Johnsburg / McHenry, IL

How many homes are available in Johnsburg / McHenry, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2827-3.6%

Summary: The Johnsburg / McHenry real estate market had 27 homes for sale in April 2024, a 3.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 88
0.0%
3 86
-25.0%
4 89
+12.5%
5+ 44
0.0%

Summary: The Johnsburg / McHenry housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
98-11.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnsburg / McHenry, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Johnsburg / McHenry in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for Johnsburg / McHenry, IL

How long does it take to sell a home in Johnsburg / McHenry, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
39 Days118 Days+202.6%

Summary: Homes in Johnsburg / McHenry had an average of 118 days on market in Apr 2024, up by 202.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Johnsburg / McHenry are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in Johnsburg / McHenry; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 8 Days Ago

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