Is Huntley, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Huntley is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Huntley, IL

How much do homes in Huntley, IL cost?

Median Sold Price

$352,833

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,833(+2.3%)

Key Takeaway

Homes in Huntley have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Huntley was $352,833 in May 2024, up 2.3% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $220K$237.5K
+8.0%
2 $307.9K$323K
+4.9%
3 $350K$369.9K
+5.7%
4 $444.3K$458K
+3.1%
5+ $518.7K$529.9K
+2.2%

Summary: Huntley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Cities

Lake in the Hills
+8.1%
Rutland Township
+6.5%
Grafton Township
+4.7%
Coral Township
+4.7%
Huntley
+2.3%

Housing Supply in Huntley, IL

How many homes are available in Huntley, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
166177+6.6%

Summary: The Huntley real estate market had 177 homes for sale in May 2024, a 6.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 36
+100.0%
2 8266
-19.5%
3 3953
+35.9%
4 3344
+33.3%
5+ 98
-11.1%

Summary: The Huntley 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 decreased by 19.5%, 3 bedroom homes increased by 35.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
60600.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Huntley, you could pay more than the asking price. 56.7% of homes here sold above asking price last month.

Summary: A total of 60 homes were sold or pending in Huntley in May 2024, the same as the previous month. Of the 60 sold homes, 28% were sold under asking, 15% were sold at asking, and 57% were sold over asking.

Days on Market for Huntley, IL

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

Average Sale Time

May 2023May 2024CHANGE
19 Days15 Days-22.9%

Summary: Homes in Huntley had an average of 15 days on market in May 2024, down by 22.9% compared to last year.

Breakdown of Home Sale Times

52 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 60 homes were sold in Huntley; 87% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 2% 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 3 Days Ago

Newest Listings in Huntley, IL

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