Is McHenry County, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McHenry County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, McHenry County has remained a Seller's Market.

Key Takeaway

McHenry County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in McHenry County, IL

How much do homes in McHenry County, IL cost?

Median Sold Price

$323,326

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$23,526(+7.8%)

Key Takeaway

Homes in McHenry County have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in McHenry County was $323,326 in April 2024, up 7.8% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $103.5K$134.9K
+30.4%
2 $225.6K$251.5K
+11.5%
3 $282.7K$305.1K
+7.9%
4 $390.5K$410K
+5.0%
5+ $459.9K$485K
+5.4%

Summary: McHenry County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Counties

Boone County
+12.7%
Kane County
+10.2%
Lake County
+8.3%
McHenry County
+7.8%
Kenosha County
+5.7%

Housing Supply in McHenry County, IL

How many homes are available in McHenry County, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1,0631,250+17.6%

Summary: The McHenry County real estate market had 1,250 homes for sale in April 2024, a 17.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 610
+66.7%
2 248284
+14.5%
3 426494
+16.0%
4 314367
+16.9%
5+ 6995
+37.7%

Summary: The McHenry County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 37.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330350+6.1%

Asking Price vs. Sold Price

131 Homes Were Sold
Under Asking

54 Homes Were Sold
At Asking

165 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McHenry County, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.

Summary: A total of 350 homes were sold or pending in McHenry County in April 2024, up by 6.1% month-over-month. Of the 350 sold homes, 37% were sold under asking, 15% were sold at asking, and 47% were sold over asking.

Days on Market for McHenry County, IL

How long does it take to sell a home in McHenry County, IL?

Average Sale Time

Apr 2023Apr 2024CHANGE
27 Days24 Days-10.5%

Summary: Homes in McHenry County had an average of 24 days on market in Apr 2024, down by 10.5% compared to last year.

Breakdown of Home Sale Times

286 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 350 homes were sold in McHenry County; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% 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 10 Days Ago

Newest Listings in McHenry County, IL

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What housing markets are near McHenry County, IL?