$3,266 Closing Credit*
$275,000
1,635 SqFt
3 Beds
•2 Full Baths
Nely Piper, Listing Office: Berkshire Hathaway HomeServices Starck Real Estate
Is Harvard, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$262,514
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,614(+25.1%)
Key Takeaway
Homes in Harvard have sold for 25.1% more than they did a year ago.
Summary: The median home sold price in Harvard was $262,514 in November 2024, up 25.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $174.7K | $190K | +8.8% |
| 3 Bedrooms | $225K | $262.7K | +16.8% |
| 4 Bedrooms | $230.5K | $272K | +18.0% |
| 5+ Bedrooms | $190.5K | $338.5K | +77.7% |
Summary: Harvard 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 8.8%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 77.7%.
Median Sold Price Compared To Nearby Cities
| Harvard | $209.9K | $262.5K | +25.1% |
| Chemung Township | $200K | $240K | +20.0% |
Housing Supply in Harvard, IL
How many homes are available in Harvard, IL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 38 | -5.0% |
Summary: The Harvard real estate market had 38 homes for sale in November 2024, a 5.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Harvard 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 increased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Harvard, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Harvard in November 2024, down by 27.3% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 19 Days | -33.4% |
Summary: Homes in Harvard had an average of 19 days on market in Nov 2024, down by 33.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Harvard are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in Harvard; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Midwest Real Estate Data as distributed by MLS GRID.
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