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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harlem Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Harlem Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Harlem Township, IL

How much do homes in Harlem Township, IL cost?

Median Sold Price

$195,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$11,500(+6.3%)

Key Takeaway

Homes in Harlem Township have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Harlem Township was $195,000 in May 2024, up 6.3% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $68.5K$74K
+8.0%
2 $133K$149K
+12.0%
3 $180K$195.5K
+8.6%
4 $252.5K$261K
+3.4%
5+ $282.5K$302.5K
+7.1%

Summary: Harlem Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 7.1%.

Median Sold Price Compared To Nearby Cities

Roscoe
+12.0%
Loves Park
+7.3%
Harlem Township
+6.3%
Machesney Park
0.1%

Housing Supply in Harlem Township, IL

How many homes are available in Harlem Township, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6257-8.1%

Summary: The Harlem Township real estate market had 57 homes for sale in May 2024, a 8.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 139
-30.8%
3 3432
-5.9%
4 911
+22.2%
5+ 54
-20.0%

Summary: The Harlem Township 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 decreased by 30.8%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3017-43.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harlem Township, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Harlem Township in May 2024, down by 43.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 12% were sold at asking, and 41% were sold over asking.

Days on Market for Harlem Township, IL

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

Average Sale Time

May 2023May 2024CHANGE
14 Days18 Days+27.7%

Summary: Homes in Harlem Township had an average of 18 days on market in May 2024, up by 27.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 17 homes were sold in Harlem Township; 88% of homes were sold within 30 days, 6% 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 1 Day Ago

Newest Listings in Harlem Township, IL

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