Is McHenry Township, 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 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
$274,286
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McHenry Township was $274,286 in April 2024, up 11.6% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $91K | $121.2K | +33.2% |
2 Bedrooms | $187.2K | $219.9K | +17.4% |
3 Bedrooms | $260K | $277.9K | +6.9% |
4 Bedrooms | $352.5K | $385K | +9.2% |
5+ Bedrooms | $385.5K | $357K | -7.4% |
Summary: McHenry Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.2%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 7.4%.
Housing Supply in McHenry Township, IL
How many homes are available in McHenry Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
217 | 255 | +17.5% |
Summary: The McHenry Township real estate market had 255 homes for sale in April 2024, a 17.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 64 | 79 | +23.4% |
3 Bedrooms | 109 | 123 | +12.8% |
4 Bedrooms | 36 | 39 | +8.3% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The McHenry Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 82 | +17.1% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in McHenry Township in April 2024, up by 17.1% month-over-month. Of the 82 sold homes, 41% were sold under asking, 15% were sold at asking, and 44% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 23 Days | -0.4% |
Summary: Homes in McHenry Township had an average of 23 days on market in Apr 2024, down by 0.4% compared to last year.
Breakdown of Home Sale Times
69 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 82 homes were sold in McHenry Township; 84% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.