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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Henry County is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Henry County, IL

How much do homes in Henry County, IL cost?

Median Sold Price

$142,600

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,400(-6.8%)

Key Takeaway

Homes in Henry County have sold for 6.8% less than they did a year ago.

Summary: The median home sold price in Henry County was $142,600 in October 2024, down 6.8% from last year, and the median price per square foot was $93.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $71K$45K
-36.6%
2 $97.9K$95K
-3.0%
3 $153K$138.5K
-9.5%
4 $209.7K$202.5K
-3.5%
5+ $252K$202K
-19.8%

Summary: Henry County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.6%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 19.8%.

Median Sold Price Compared To Nearby Counties

Bureau County
+14.3%
Whiteside County
+10.8%
Stark County
+8.5%
Rock Island County
+7.7%
Henry County
-6.8%

Housing Supply in Henry County, IL

How many homes are available in Henry County, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
155152-1.9%

Summary: The Henry County real estate market had 152 homes for sale in October 2024, a 1.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 3231
-3.1%
3 7674
-2.6%
4 3940
+2.6%
5+ 66
0.0%

Summary: The Henry County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4632-30.4%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Henry County, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Henry County in October 2024, down by 30.4% month-over-month. Of the 32 sold homes, 53% were sold under asking, 22% were sold at asking, and 25% were sold over asking.

Days on Market for Henry County, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days28 Days+32.3%

Summary: Homes in Henry County had an average of 28 days on market in Oct 2024, up by 32.3% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Henry County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 32 homes were sold in Henry County; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% 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 22 Days Ago

Newest Listings in Henry County, IL

Nearby Markets to Henry County, IL

What housing markets are near Henry County, IL?