Is Johnsburg / McHenry, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Johnsburg / McHenry is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Johnsburg / McHenry has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Johnsburg / McHenry, IL

How much do homes in Johnsburg / McHenry, IL cost?

Median Sold Price

$375,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,000(-0.5%)

Key Takeaway

Homes in Johnsburg / McHenry have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Johnsburg / McHenry was $375,000 in October 2024, down 0.5% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$350K
N/A
2 $240.4K$259K
+7.7%
3 $325.4K$335K
+2.9%
4 $438.1K$455K
+3.9%
5+ $618.5K$733.7K
+18.6%

Summary: Johnsburg / McHenry 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 increased by 7.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 18.6%.

Housing Supply in Johnsburg / McHenry, IL

How many homes are available in Johnsburg / McHenry, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3435+2.9%

Summary: The Johnsburg / McHenry real estate market had 35 homes for sale in October 2024, a 2.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 77
0.0%
3 1312
-7.7%
4 1011
+10.0%
5+ 45
+25.0%

Summary: The Johnsburg / McHenry 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 decreased by 7.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Johnsburg / McHenry, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Johnsburg / McHenry in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.

Days on Market for Johnsburg / McHenry, IL

How long does it take to sell a home in Johnsburg / McHenry, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days32 Days+292.8%

Summary: Homes in Johnsburg / McHenry had an average of 32 days on market in Oct 2024, up by 292.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Johnsburg / McHenry; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% 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

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