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 November 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

$219,950

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$41,950(+23.6%)

Key Takeaway

Homes in Harlem Township have sold for 23.6% more than they did a year ago.

Summary: The median home sold price in Harlem Township was $219,950 in November 2024, up 23.6% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$74K
N/A
2 $152.2K$152.5K
0.2%
3 $173K$216K
+24.9%
4 $260K$259K
-0.4%
5+ $302.5K$347.5K
+14.9%

Summary: Harlem Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 24.9%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 14.9%.

Median Sold Price Compared To Nearby Cities

Harlem Township
+23.6%
Machesney Park
+16.3%
Roscoe
+11.0%
Loves Park
+9.7%

Housing Supply in Harlem Township, IL

How many homes are available in Harlem Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7874-5.1%

Summary: The Harlem Township real estate market had 74 homes for sale in November 2024, a 5.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 139
-30.8%
3 4650
+8.7%
4 1311
-15.4%
5+ 53
-40.0%

Summary: The Harlem Township housing inventory by bedroom type for November 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 increased by 8.7%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2124+14.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harlem Township, you could pay more than the asking price. 54.2% of homes here sold above asking price last month.

Summary: A total of 24 homes were sold or pending in Harlem Township in November 2024, up by 14.3% month-over-month. Of the 24 sold homes, 29% were sold under asking, 17% were sold at asking, and 54% 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

Nov 2023Nov 2024CHANGE
19 Days20 Days+6.8%

Summary: Homes in Harlem Township had an average of 20 days on market in Nov 2024, up by 6.8% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

2 Homes Were 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 November 2024, 24 homes were sold in Harlem Township; 88% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 4% 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 21 Days Ago

Newest Listings in Harlem Township, IL

Nearby Markets to Harlem Township, IL

What housing markets are near Harlem Township, IL?