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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McHenry is a seller's market

Buyer's
Market

Difference Since December 2020

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

Key Takeaway

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

How much do homes in McHenry, IL cost?

Median Sold Price

$229,991

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$15,261(+7.1%)

Key Takeaway

Homes in McHenry have sold for 7.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $75.9K$81K
+6.7%
2 $161.5K$173K
+7.1%
3 $218.9K$240K
+9.6%
4 $274.9K$324K
+17.8%
5+ $301K$333.2K
+10.7%

Median Sold Price Compared To Nearby Cities

McHenry Township
+11.2%
Lakemoor
+7.5%
McHenry
+7.1%
Johnsburg
+6.4%

How many homes are available in McHenry, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
206180-12.6%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 21
-50.0%
2 6662
-6.1%
3 8875
-14.8%
4 4337
-14.0%
5+ 75
-28.6%

Number of Homes Sold

Nov 2021Dec 2021%
5162+21.6%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McHenry, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
22 Days22 Days+1.1%

Breakdown of Home Sale Times

49 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About McHenry, IL

McHenry, IL has 180 homes for sale to choose from. The number of homes for sale in McHenry, IL decreased by 12.6% between November 2021 and December 2021. While the average time on the market in December 2021 was 22 days, the median list price was $229,991. Listing prices have changed in this real estate market between November 2021 and December 2021: prices of 1 bedroom properties went up by 6.7%, 2 bedrooms properties became 7.1% more expensive, prices of 3 bedrooms properties went up by 9.6%, 4 bedrooms properties prices increased by 17.8%, prices of 5 bedrooms properties went up by 10.7%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 50%, 2 bedrooms homes became 6.1% less available, the quantity of 3 bedrooms homes went down by 14.8%, 4 bedrooms homes inventory decreased by 14%, the quantity of 5 bedrooms homes went down by 28.6%. In December 2021, from all listings sold in McHenry, IL there were more than 13 sold above asking price, over 28 sold below and more than 21 were sold right at the asked price.

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