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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Henry Township is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Henry Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Henry Township, IL

How much do homes in Henry Township, IL cost?

Median Sold Price

$133,850

$73/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$28,100(+26.6%)

Key Takeaway

Homes in Henry Township have sold for 26.6% more than they did a year ago.

Summary: The median home sold price in Henry Township was $133,850 in October 2024, up 26.6% from last year, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$32.9K
N/A
2 $69K$65K
-5.8%
3 $105K$133.8K
+27.5%
4 $127.2K$185K
+45.4%
5+ $94K$176.2K
+87.5%

Summary: Henry Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 27.5%, 4 bedroom homes increased by 45.4%, and 5+ bedroom homes increased by 87.5%.

Median Sold Price Compared To Nearby Cities

Senachwine Township
+49.5%
Putnam
+49.5%
Henry Township
+26.6%
Henry
+26.6%
Hopewell Township
+7.7%

Housing Supply in Henry Township, IL

How many homes are available in Henry Township, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1011+10.0%

Summary: The Henry Township real estate market had 11 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 11
0.0%
3 33
0.0%
4 45
+25.0%
5+ 11
0.0%

Summary: The Henry Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Henry Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Henry Township in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Henry Township, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days53 Days+55.9%

Summary: Homes in Henry Township had an average of 53 days on market in Oct 2024, up by 55.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Henry Township has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Henry Township; 0% of homes were sold within 30 days, 100% 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 Henry Township, IL

Nearby Markets to Henry Township, IL

What housing markets are near Henry Township, IL?