Is McHenry Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$264,615
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in McHenry Township was $264,615 in February 2024, up 8% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $117.5K | +46.9% |
2 Bedrooms | $180K | $215K | +19.4% |
3 Bedrooms | $256.5K | $275K | +7.2% |
4 Bedrooms | $334K | $377.9K | +13.2% |
5+ Bedrooms | $379K | $350K | -7.7% |
Summary: McHenry Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.9%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 7.7%.
Housing Supply in McHenry Township, IL
How many homes are available in McHenry Township, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
158 | 185 | +17.1% |
Summary: The McHenry Township real estate market had 185 homes for sale in February 2024, a 17.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 49 | 58 | +18.4% |
3 Bedrooms | 67 | 83 | +23.9% |
4 Bedrooms | 30 | 33 | +10.0% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The McHenry Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
39 | 55 | +41.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in McHenry Township in February 2024, up by 41.0% month-over-month. Of the 55 sold homes, 51% were sold under asking, 22% were sold at asking, and 27% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
62 Days | 34 Days | -45.4% |
Summary: Homes in McHenry Township had an average of 34 days on market in Feb 2024, down by 45.4% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During February 2024, 55 homes were sold in McHenry Township; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.