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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McHenry Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in McHenry Township, IL

How much do homes in McHenry Township, IL cost?

Median Sold Price

$289,360

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,427(+11.3%)

Key Takeaway

Homes in McHenry Township have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in McHenry Township was $289,360 in November 2024, up 11.3% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $114.9K$126K
+9.7%
2 $207K$235K
+13.5%
3 $265K$294.7K
+11.2%
4 $375K$390K
+4.0%
5+ $357K$380.5K
+6.6%

Summary: McHenry Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Cities

McHenry Township
+11.3%
McHenry
+9.7%
Johnsburg
0.1%

Housing Supply in McHenry Township, IL

How many homes are available in McHenry Township, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
283275-2.8%

Summary: The McHenry Township real estate market had 275 homes for sale in November 2024, a 2.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 52
-60.0%
2 9188
-3.3%
3 112118
+5.4%
4 6556
-13.8%
5+ 1011
+10.0%

Summary: The McHenry Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7688+15.8%

Asking Price vs. Sold Price

43 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McHenry Township, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.

Summary: A total of 88 homes were sold or pending in McHenry Township in November 2024, up by 15.8% month-over-month. Of the 88 sold homes, 49% were sold under asking, 26% were sold at asking, and 25% were sold over asking.

Days on Market for McHenry Township, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
13 Days26 Days+95.5%

Summary: Homes in McHenry Township had an average of 26 days on market in Nov 2024, up by 95.5% compared to last year.

Breakdown of Home Sale Times

67 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 88 homes were sold in McHenry Township; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% 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 17 Days Ago

Newest Listings in McHenry Township, IL

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