Is Harwood Heights, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Harwood Heights is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Harwood Heights was a Seller's Market.

Key Takeaway

Harwood Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Harwood Heights, IL

How much do homes in Harwood Heights, IL cost?

Median Sold Price

$348,500

$251/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,000(-1.1%)

Key Takeaway

Homes in Harwood Heights have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Harwood Heights was $348,500 in October 2024, down 1.1% from last year, and the median price per square foot was $251.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $166K$184.9K
+11.4%
2 $281K$287.5K
+2.3%
3 $385K$388K
+0.8%
4 $546K$450K
-17.6%
5+ $477K$740.5K
+55.2%

Summary: Harwood Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.4%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 0.8%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes increased by 55.2%.

Median Sold Price Compared To Nearby Cities

Chicago
+6.1%
Norridge
+3.5%
Norwood Park Township
+1.6%
Harwood Heights
-1.1%

Housing Supply in Harwood Heights, IL

How many homes are available in Harwood Heights, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2734+25.9%

Summary: The Harwood Heights real estate market had 34 homes for sale in October 2024, a 25.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 813
+62.5%
3 1615
-6.3%
4 25
+150.0%
5+ 11
0.0%

Summary: The Harwood Heights 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 62.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Harwood Heights, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Harwood Heights in October 2024, down by 55.6% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Harwood Heights, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days23 Days+3.4%

Summary: Homes in Harwood Heights had an average of 23 days on market in Oct 2024, up by 3.4% compared to last year.

Breakdown of Home Sale Times

3 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 Harwood Heights are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Harwood Heights; 75% of homes were sold within 30 days, 25% 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 20 Days Ago

Newest Listings in Harwood Heights, IL

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