Is McHenry Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$275,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in McHenry Township was $275,000 in May 2024, up 11% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $91K | $124.9K | +37.3% |
2 Bedrooms | $191.1K | $220K | +15.1% |
3 Bedrooms | $258.5K | $283K | +9.4% |
4 Bedrooms | $360K | $387.4K | +7.6% |
5+ Bedrooms | $379K | $404K | +6.6% |
Summary: McHenry Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.3%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in McHenry Township, IL
How many homes are available in McHenry Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
247 | 270 | +9.3% |
Summary: The McHenry Township real estate market had 270 homes for sale in May 2024, a 9.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 7 | +133.3% |
2 Bedrooms | 85 | 96 | +12.9% |
3 Bedrooms | 114 | 115 | +0.9% |
4 Bedrooms | 36 | 40 | +11.1% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The McHenry Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 84 | +1.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in McHenry Township in May 2024, up by 1.2% month-over-month. Of the 84 sold homes, 26% were sold under asking, 20% were sold at asking, and 54% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 24 Days | +27.0% |
Summary: Homes in McHenry Township had an average of 24 days on market in May 2024, up by 27% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 84 homes were sold in McHenry Township; 82% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.