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 Last Month

Last month, Harlem Township was a Neutral 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

$200,000

$96/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$160,000(-44.4%)

Key Takeaway

Homes in Harlem Township have sold for 44.4% less than they did a month ago.

Summary: The median home sold price in Harlem Township was $200,000 in October 2024, down 44.4% from last month, and the median price per square foot was $96.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $360K$183.7K
-49.0%
4 -$200K
N/A
5+ --
N/A

Summary: Harlem Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 49%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Harlem Township, IL

How many homes are available in Harlem Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
76-14.3%

Summary: The Harlem Township real estate market had 6 homes for sale in October 2024, a 14.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 54
-20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Harlem Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harlem Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Harlem Township in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% 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

Sep 2024Oct 2024CHANGE
214 Days17 Days-91.9%

Summary: Homes in Harlem Township had an average of 17 days on market in Oct 2024, down by 91.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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 October 2024, 3 homes were sold in Harlem Township; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Harlem Township, IL

Nearby Markets to Harlem Township, IL

What housing markets are near Harlem Township, IL?