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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Henry is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Henry was a Buyer's Market.

Key Takeaway

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

Housing Prices in Henry, IL

How much do homes in Henry, IL cost?

Median Sold Price

$112,500

$62/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$97,500(+650.0%)

Key Takeaway

Homes in Henry have sold for 650% more than they did a month ago.

Summary: The median home sold price in Henry was $112,500 in December 2024, up 650% from last month, and the median price per square foot was $62.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 $15K-
N/A
2 --
N/A
3 --
N/A
4 -$112.5K
N/A
5+ --
N/A

Summary: Henry housing prices by bedroom type for December 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Henry
+650.0%
Henry Township
-32.8%
Magnolia Township
-87.8%

Housing Supply in Henry, IL

How many homes are available in Henry, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
11110.0%

Summary: The Henry real estate market had 11 homes for sale in December 2024, the same as November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 00
0.0%
3 24
+100.0%
4 76
-14.3%
5+ 11
0.0%

Summary: The Henry housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Henry, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Henry in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Henry, IL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
41 Days18 Days-54.9%

Summary: Homes in Henry had an average of 18 days on market in Dec 2024, down by 54.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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 Henry are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 2 homes were sold in Henry; 50% of homes were sold within 30 days, 50% 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 4 Days Ago

Newest Listings in Henry, IL

Nearby Markets to Henry, IL