Is McHenry Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, McHenry Township has remained a Seller's Market.
Housing Prices
How much do homes in McHenry Township, IL cost?
Median Sold Price
$258,103
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in McHenry Township was $258,103 in August 2023, up 9.8% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $84.5K | $105K | +24.3% |
2 Bedrooms | $175.5K | $200K | +14.0% |
3 Bedrooms | $235K | $264.9K | +12.8% |
4 Bedrooms | $355K | $364K | +2.5% |
5+ Bedrooms | $356K | $404K | +13.5% |
Summary: McHenry Township housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 13.5%.
Housing Supply
How many homes are available in McHenry Township, IL?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
256 | 291 | +13.7% |
Summary: The McHenry Township real estate market had 291 homes for sale in August 2023, a 13.7% increase compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 81 | 82 | +1.2% |
3 Bedrooms | 98 | 121 | +23.5% |
4 Bedrooms | 56 | 61 | +8.9% |
5+ Bedrooms | 15 | 20 | +33.3% |
Summary: The McHenry Township housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
71 | 100 | +40.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Summary: A total of 100 homes were sold or pending in McHenry Township in August 2023, up by 40.8% month-over-month. Of the 100 sold homes, 28% were sold under asking, 23% were sold at asking, and 49% were sold over asking.
Days on Market
How long does it take to sell a home in McHenry Township, IL?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
21 Days | 19 Days | -5.2% |
Summary: Homes in McHenry Township had an average of 19 days on market in Aug 2023, down by 5.2% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During August 2023, 100 homes were sold in McHenry Township; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.