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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Huntley is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Huntley, IL

How much do homes in Huntley, IL cost?

Median Sold Price

$364,190

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$19,190(+5.6%)

Key Takeaway

Homes in Huntley have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Huntley was $364,190 in October 2024, up 5.6% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $228.5K$248.9K
+8.9%
2 $315K$335K
+6.3%
3 $357K$391.1K
+9.6%
4 $450K$474K
+5.3%
5+ $525K$569.9K
+8.6%

Summary: Huntley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Cities

Grafton Township
+5.9%
Huntley
+5.6%
Rutland Township
+4.5%
Lake in the Hills
+4.0%

Housing Supply in Huntley, IL

How many homes are available in Huntley, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
248239-3.6%

Summary: The Huntley real estate market had 239 homes for sale in October 2024, a 3.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 8577
-9.4%
3 9799
+2.1%
4 5650
-10.7%
5+ 710
+42.9%

Summary: The Huntley 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 decreased by 9.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7258-19.4%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Huntley, you may be able to get a good deal. 53.4% of homes here sold below asking price last month.

Summary: A total of 58 homes were sold or pending in Huntley in October 2024, down by 19.4% month-over-month. Of the 58 sold homes, 53% were sold under asking, 36% were sold at asking, and 10% were sold over asking.

Days on Market for Huntley, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days22 Days+25.7%

Summary: Homes in Huntley had an average of 22 days on market in Oct 2024, up by 25.7% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 58 homes were sold in Huntley; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 5% 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 16 Days Ago

Newest Listings in Huntley, IL

Nearby Markets to Huntley, IL

What housing markets are near Huntley, IL?