Is McHenry Township, 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, McHenry Township has remained a Seller's Market.
Housing Prices in McHenry Township, IL
How much do homes in McHenry Township, IL cost?
Median Sold Price
$269,251
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in McHenry Township was $269,251 in March 2024, up 8.8% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $117.5K | +46.9% |
2 Bedrooms | $180K | $218K | +21.1% |
3 Bedrooms | $258.5K | $276K | +6.7% |
4 Bedrooms | $352.5K | $375K | +6.4% |
5+ Bedrooms | $399.7K | $357K | -10.7% |
Summary: McHenry Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.9%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 10.7%.
Housing Supply in McHenry Township, IL
How many homes are available in McHenry Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
188 | 222 | +18.1% |
Summary: The McHenry Township real estate market had 222 homes for sale in March 2024, a 18.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 0 | -100.0% |
2 Bedrooms | 57 | 62 | +8.8% |
3 Bedrooms | 89 | 111 | +24.7% |
4 Bedrooms | 32 | 41 | +28.1% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The McHenry Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 24.7%, 4 bedroom homes increased by 28.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 68 | +17.2% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in McHenry Township in March 2024, up by 17.2% month-over-month. Of the 68 sold homes, 46% were sold under asking, 21% were sold at asking, and 34% were sold over asking.
Days on Market for McHenry Township, IL
How long does it take to sell a home in McHenry Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 24 Days | -37.4% |
Summary: Homes in McHenry Township had an average of 24 days on market in Mar 2024, down by 37.4% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 68 homes were sold in McHenry Township; 74% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.