Is Harvey, 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, Harvey has remained a Seller's Market.
Housing Prices in Harvey, IL
How much do homes in Harvey, IL cost?
Median Sold Price
$120,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Harvey was $120,000 in May 2024, up 4.4% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $16.5K | - | N/A |
2 Bedrooms | $65.9K | $76K | +15.3% |
3 Bedrooms | $115K | $120K | +4.3% |
4 Bedrooms | $132K | $149K | +12.9% |
5+ Bedrooms | $122.4K | $145.9K | +19.2% |
Summary: Harvey housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Cities
Markham | $140K | $163K | +16.4% |
Dixmoor | $120K | $136K | +13.3% |
Harvey | $114.9K | $120K | +4.4% |
Thornton Township | $159.1K | $164.9K | +3.7% |
Housing Supply in Harvey, IL
How many homes are available in Harvey, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 104 | +16.9% |
Summary: The Harvey real estate market had 104 homes for sale in May 2024, a 16.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 54 | 56 | +3.7% |
4 Bedrooms | 14 | 22 | +57.1% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Harvey housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 18 | +80.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Harvey in May 2024, up by 80.0% month-over-month. Of the 18 sold homes, 28% were sold under asking, 22% were sold at asking, and 50% were sold over asking.
Days on Market for Harvey, IL
How long does it take to sell a home in Harvey, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 53 Days | +14.9% |
Summary: Homes in Harvey had an average of 53 days on market in May 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Harvey; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.