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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McHenry County is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in McHenry County, IL

How much do homes in McHenry County, IL cost?

Median Sold Price

$337,649

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,163(+8.7%)

Key Takeaway

Homes in McHenry County have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in McHenry County was $337,649 in November 2024, up 8.7% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $124.9K$163K
+30.5%
2 $245K$269.9K
+10.2%
3 $296K$320.1K
+8.2%
4 $400.8K$431.3K
+7.6%
5+ $470.3K$510K
+8.4%

Summary: McHenry County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.5%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Counties

Boone County
+16.4%
Kane County
+9.3%
McHenry County
+8.7%
Kenosha County
+8.1%
Lake County
+6.7%

Housing Supply in McHenry County, IL

How many homes are available in McHenry County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,3631,332-2.3%

Summary: The McHenry County real estate market had 1,332 homes for sale in November 2024, a 2.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2217
-22.7%
2 336311
-7.4%
3 518539
+4.1%
4 378348
-7.9%
5+ 109117
+7.3%

Summary: The McHenry County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.7%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 7.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
377387+2.7%

Asking Price vs. Sold Price

184 Homes Were Sold
Under Asking

83 Homes Were Sold
At Asking

120 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McHenry County, you may be able to get a good deal. 47.5% of homes here sold below asking price last month.

Summary: A total of 387 homes were sold or pending in McHenry County in November 2024, up by 2.7% month-over-month. Of the 387 sold homes, 48% were sold under asking, 21% were sold at asking, and 31% were sold over asking.

Days on Market for McHenry County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days27 Days+16.5%

Summary: Homes in McHenry County had an average of 27 days on market in Nov 2024, up by 16.5% compared to last year.

Breakdown of Home Sale Times

283 Homes Were Sold
Under 30 Days

88 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 387 homes were sold in McHenry County; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% 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 McHenry County, IL

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