Is Henry County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Henry County has remained a Seller's Market.
Housing Prices in Henry County, IL
How much do homes in Henry County, IL cost?
Median Sold Price
$142,300
$90/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Henry County was $142,300 in May 2024, down 2% from last year, and the median price per square foot was $90.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $38K | $50K | +31.6% |
2 Bedrooms | $96K | $90K | -6.3% |
3 Bedrooms | $150K | $143K | -4.7% |
4 Bedrooms | $210K | $208.5K | -0.7% |
5+ Bedrooms | $266K | $225K | -15.4% |
Summary: Henry County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.6%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Counties
Rock Island County | $136.5K | $147K | +7.7% |
Whiteside County | $114.9K | $122.5K | +6.6% |
Bureau County | $125K | $127.5K | +2.0% |
Henry County | $145.2K | $142.3K | -2.0% |
Housing Supply in Henry County, IL
How many homes are available in Henry County, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
102 | 107 | +4.9% |
Summary: The Henry County real estate market had 107 homes for sale in May 2024, a 4.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 20 | 20 | 0.0% |
3 Bedrooms | 44 | 49 | +11.4% |
4 Bedrooms | 31 | 31 | 0.0% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Henry County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 35 | +45.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Henry County in May 2024, up by 45.8% month-over-month. Of the 35 sold homes, 49% were sold under asking, 11% were sold at asking, and 40% were sold over asking.
Days on Market for Henry County, IL
How long does it take to sell a home in Henry County, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 23 Days | -38.0% |
Summary: Homes in Henry County had an average of 23 days on market in May 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Henry County; 77% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.