Is Henry Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Henry Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Henry Township was a Seller's Market.

Key Takeaway

Henry Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Henry Township, IL

How much do homes in Henry Township, IL cost?

Median Sold Price

$96,500

$84/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$63,000(-39.5%)

Key Takeaway

Homes in Henry Township have sold for 39.5% less than they did a month ago.

Summary: The median home sold price in Henry Township was $96,500 in April 2024, down 39.5% from last month, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $65K$96.5K
+48.5%
3 --
N/A
4 $254K-
N/A
5+ --
N/A

Summary: Henry Township housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Senachwine Township
+166.7%
Putnam
+166.7%
Henry Township
-39.5%
Henry
-39.5%

Housing Supply in Henry Township, IL

How many homes are available in Henry Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
86-25.0%

Summary: The Henry Township real estate market had 6 homes for sale in April 2024, a 25.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 11
0.0%
4 32
-33.3%
5+ 11
0.0%

Summary: The Henry Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Henry Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Henry Township in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Henry Township, IL

How long does it take to sell a home in Henry Township, IL?

Average Sale Time

Mar 2024Apr 2024CHANGE
102 Days6 Days-94.1%

Summary: Homes in Henry Township had an average of 6 days on market in Apr 2024, down by 94.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Henry Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 1 homes were sold in Henry Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Henry Township, IL

Nearby Markets to Henry Township, IL

What housing markets are near Henry Township, IL?