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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McHenry Township is a seller's market

Buyer's
Market

Difference Since December 2020

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

Key Takeaway

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

How much do homes in McHenry Township, IL cost?

Median Sold Price

$222,495

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$22,494(+11.2%)

Key Takeaway

Homes in McHenry Township have sold for 11.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $96.5K$106.9K
+10.8%
2 $152.1K$170.6K
+12.2%
3 $198K$224.4K
+13.3%
4 $282.5K$334K
+18.2%
5+ $382.5K$349.9K
-8.5%

Median Sold Price Compared To Nearby Cities

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

How many homes are available in McHenry Township, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
317285-10.1%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 64
-33.3%
2 8684
-2.3%
3 135121
-10.4%
4 7464
-13.5%
5+ 1612
-25.0%

Number of Homes Sold

Nov 2021Dec 2021%
8492+9.5%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

29 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McHenry Township, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
40 Days23 Days-41.5%

Breakdown of Home Sale Times

71 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

About McHenry Township, IL

McHenry Township, IL has 285 homes on the market. In December 2021 in McHenry Township, IL there were 10.1% less homes for sale than in November 2021. In December 2021 median list price was $222,495 and the average listing age was 23 days. Real estate listing prices changed between November 2021 and December 2021: 1 bedroom properties prices increased by 10.8%, 2 bedrooms properties prices increased by 12.2%, 3 bedrooms properties prices increased by 13.3%, the cost of 4 bedrooms properties went up by 18.2%, prices of 5 bedrooms properties went down by 8.5%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 33.3%, number of 2 bedrooms homes decreased by 2.3%, number of 3 bedrooms homes decreased by 10.4%, number of 4 bedrooms homes decreased by 13.5%, volume of 5 bedrooms homes went down by 25%. In December 2021, from all listings sold in McHenry Township, IL there were more than 29 sold above asking price, over 45 sold below and more than 18 were sold right at the asked price.

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