Is Harvard, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harvard is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Harvard, IL

How much do homes in Harvard, IL cost?

Median Sold Price

$260,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,000(+30.0%)

Key Takeaway

Homes in Harvard have sold for 30% more than they did a year ago.

Summary: The median home sold price in Harvard was $260,000 in October 2024, up 30% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $100K-
N/A
2 $169.8K$190K
+11.9%
3 $225K$260K
+15.6%
4 $231K$272K
+17.7%
5+ $193K$337K
+74.6%

Summary: Harvard housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 74.6%.

Median Sold Price Compared To Nearby Cities

Harvard
+30.0%
Chemung Township
+17.1%

Housing Supply in Harvard, IL

How many homes are available in Harvard, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
43430.0%

Summary: The Harvard real estate market had 43 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 2120
-4.8%
4 109
-10.0%
5+ 78
+14.3%

Summary: The Harvard 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 increased by 25%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
139-30.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harvard, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Harvard in October 2024, down by 30.8% month-over-month. Of the 9 sold homes, 22% were sold under asking, 44% were sold at asking, and 33% were sold over asking.

Days on Market for Harvard, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days16 Days-51.2%

Summary: Homes in Harvard had an average of 16 days on market in Oct 2024, down by 51.2% compared to last year.

Breakdown of Home Sale Times

8 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 Harvard are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in Harvard; 89% of homes were sold within 30 days, 11% 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 16 Days Ago

Newest Listings in Harvard, IL

Nearby Markets to Harvard, IL

What housing markets are near Harvard, IL?