Is McHenry, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, McHenry has remained a Seller's Market.
Housing Prices in McHenry, IL
How much do homes in McHenry, IL cost?
Median Sold Price
$271,115
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McHenry was $271,115 in April 2024, up 8% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $94.7K | $117.5K | +24.0% |
2 Bedrooms | $200.7K | $223.7K | +11.5% |
3 Bedrooms | $270K | $279.3K | +3.5% |
4 Bedrooms | $347.4K | $385K | +10.8% |
5+ Bedrooms | $306K | $350K | +14.4% |
Summary: McHenry housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
Johnsburg | $299.9K | $408.5K | +36.2% |
Lakemoor | $215K | $249.4K | +16.0% |
McHenry Township | $245.7K | $274.2K | +11.6% |
McHenry | $251K | $271.1K | +8.0% |
Housing Supply in McHenry, IL
How many homes are available in McHenry, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
148 | 173 | +16.9% |
Summary: The McHenry real estate market had 173 homes for sale in April 2024, a 16.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 39 | 50 | +28.2% |
3 Bedrooms | 82 | 91 | +11.0% |
4 Bedrooms | 23 | 23 | 0.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The McHenry housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.2%, 3 bedroom homes increased by 11%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 58 | +18.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 58 homes were sold or pending in McHenry in April 2024, up by 18.4% month-over-month. Of the 58 sold homes, 40% were sold under asking, 14% were sold at asking, and 47% were sold over asking.
Days on Market for McHenry, IL
How long does it take to sell a home in McHenry, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 14 Days | -20.3% |
Summary: Homes in McHenry had an average of 14 days on market in Apr 2024, down by 20.3% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 58 homes were sold in McHenry; 86% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.