Is Harrisburg, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Harrisburg was a Buyer's Market.
Key Takeaway
Harrisburg is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Harrisburg, IL
How much do homes in Harrisburg, IL cost?
Median Sold Price
$80,000
$60/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Harrisburg have sold for 11.1% less than they did a year ago.
Summary: The median home sold price in Harrisburg was $80,000 in May 2024, down 11.1% from last year, and the median price per square foot was $60.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $21.2K | -71.7% |
| 2 Bedrooms | $51.1K | $58.5K | +14.4% |
| 3 Bedrooms | $109K | $86.5K | -20.6% |
| 4 Bedrooms | $140K | $180K | +28.6% |
| 5+ Bedrooms | $74K | $28K | -62.2% |
Summary: Harrisburg housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 71.7%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 20.6%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 62.2%.
Median Sold Price Compared To Nearby Cities
| Harrisburg | $90K | $80K | -11.1% |
| Harrisburg Township | $90K | $80K | -11.1% |
Housing Supply in Harrisburg, IL
How many homes are available in Harrisburg, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 53 | +20.5% |
Summary: The Harrisburg real estate market had 53 homes for sale in May 2024, a 20.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 13 | 17 | +30.8% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Harrisburg housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Harrisburg, you may be able to get a good deal. 90% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Harrisburg in May 2024, up by 66.7% month-over-month. Of the 10 sold homes, 90% were sold under asking, 0% were sold at asking, and 10% were sold over asking.
Days on Market for Harrisburg, IL
How long does it take to sell a home in Harrisburg, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 148 Days | +2511.8% |
Summary: Homes in Harrisburg had an average of 148 days on market in May 2024, up by 2511.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Harrisburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 10 homes were sold in Harrisburg; 20% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 70% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.