Is Harwood Heights, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Harwood Heights has remained a Seller's Market.
Housing Prices in Harwood Heights, IL
How much do homes in Harwood Heights, IL cost?
Median Sold Price
$331,050
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Harwood Heights was $331,050 in May 2024, up 0.3% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $171.5K | $180.5K | +5.2% |
2 Bedrooms | $272.9K | $278K | +1.9% |
3 Bedrooms | $357.9K | $382.5K | +6.9% |
4 Bedrooms | $410K | $571K | +39.3% |
5+ Bedrooms | $502K | $695K | +38.4% |
Summary: Harwood Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 39.3%, and 5+ bedroom homes increased by 38.4%.
Median Sold Price Compared To Nearby Cities
Norwood Park Township | $360.6K | $390K | +8.1% |
Norridge | $350K | $369.5K | +5.6% |
Chicago | $339.3K | $349.9K | +3.1% |
Harwood Heights | $330K | $331K | 0.3% |
Housing Supply in Harwood Heights, IL
How many homes are available in Harwood Heights, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 31 | +3.3% |
Summary: The Harwood Heights real estate market had 31 homes for sale in May 2024, a 3.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Harwood Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Harwood Heights in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 26 Days | -35.9% |
Summary: Homes in Harwood Heights had an average of 26 days on market in May 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Harwood Heights; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.