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McHenry County Housing Market Trends

Updated: Sep 1, 2023

How about those Cubbies is a common phrase heard around Northern Illinois. Another is, how about this Real Estate Market?

There seems to be many rumors circulating about people’s thoughts about the local Real Estate market. The question is, what people should you be listening to? Is it your barber, the cashier at the grocery store, your Pastor or your Uncle Eddie? I would say, listen to the people in the trenches every day! Gather information from several varied sources in the Real Estate industry to remain abreast of the latest trends. The bottom line is, there are always going to be people that need to buy or sell Real Estate. There are investors out there still buying, because rental prices have increased dramatically. NOW is always going to be the answer to the question, is now a good time to buy or sell? Glacier Realty provides Real Estate services across Northern Illinois. Here is some market data from McHenry County for July 2023:

*In July 2023, the median listing home price in McHenry County, IL was $365K, trending up 12.7% year-over-year. The median listing home price per square foot was $171. The median home sold price was $320K.

*Homes in McHenry County, IL sold for approximately the asking price on average in July 2023.

*McHenry County, IL is a seller's market in July 2023, which means that there are more people looking to buy than there are homes available.

*On average, homes in McHenry County, IL sell after 25 days on the market. The trend for median days on market in McHenry County, IL is flat since last month, and slightly down since last year.

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