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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Henry Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Henry Township, IL

How much do homes in Henry Township, IL cost?

Median Sold Price

$126,250

$73/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,750(+18.5%)

Key Takeaway

Homes in Henry Township have sold for 18.5% more than they did a year ago.

Summary: The median home sold price in Henry Township was $126,250 in November 2024, up 18.5% from last year, and the median price per square foot was $73.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$32.9K
N/A
2 $69K$65K
-5.8%
3 $100K$135.2K
+35.2%
4 $142.5K$197.5K
+38.6%
5+ $138.2K$170K
+23.0%

Summary: Henry Township housing prices by bedroom type for November 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 35.2%, 4 bedroom homes increased by 38.6%, and 5+ bedroom homes increased by 23%.

Median Sold Price Compared To Nearby Cities

Senachwine Township
+56.8%
Putnam
+56.8%
Henry Township
+18.5%
Henry
+12.7%

Housing Supply in Henry Township, IL

How many homes are available in Henry Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1115+36.4%

Summary: The Henry Township real estate market had 15 homes for sale in November 2024, a 36.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 36
+100.0%
4 57
+40.0%
5+ 11
0.0%

Summary: The Henry Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

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 Township, 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 Township in November 2024, the same as the previous 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 Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days25 Days-32.9%

Summary: Homes in Henry Township had an average of 25 days on market in Nov 2024, down by 32.9% compared to last year.

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 Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Henry Township; 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 21 Days Ago

Newest Listings in Henry Township, IL

Nearby Markets to Henry Township, IL

What housing markets are near Henry Township, IL?