Is McHenry County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, McHenry County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103.5K | $134.9K | +30.4% |
2 Bedrooms | $225.6K | $251.5K | +11.5% |
3 Bedrooms | $282.7K | $305.1K | +7.9% |
4 Bedrooms | $390.5K | $410K | +5.0% |
5+ Bedrooms | $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 | $213K | $240K | +12.7% |
Kane County | $309.5K | $341K | +10.2% |
Lake County | $328.6K | $356K | +8.3% |
McHenry County | $299.8K | $323.3K | +7.8% |
Kenosha County | $260K | $275K | +5.7% |
Housing Supply in McHenry County, IL
How many homes are available in McHenry County, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,063 | 1,250 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 10 | +66.7% |
2 Bedrooms | 248 | 284 | +14.5% |
3 Bedrooms | 426 | 494 | +16.0% |
4 Bedrooms | 314 | 367 | +16.9% |
5+ Bedrooms | 69 | 95 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
330 | 350 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 24 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
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.