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Mchenry Real Estate Market Update June 2018

By
Managing Real Estate Broker with Property Up Inc. #471.017853

Real Estate In Mchenry is a balanced market that favoring sellers. We still see plenty of inventory, so plenty of bargains for the buyers. There is a 5.2 months supply of inventory on the market in Mchenry on June 30, 2018.

Now is the Time to Sell!

The average market time for a Single Family Homes to sell in Mchenry last month was 49 days.
It took on average 25 days to sell Mchenry Condo, Townhouse or a Duplex.
The number of home sales in Mchenry from May 1, 2018 through May 31, 2018 was 93 units. That is 1% above the number of homes sold last month in Mchenry.

The average price per square foot in the area is now $96/Sq.Ft, which is 2% an increase from last month.

In Mchenry there were 18 units sold in May in the price range between $63,000 – $136,300 with an average of 2.4 bedrooms and 1.5 bathrooms and average Square footage of 1,148SF.

In Mchenry there were 71 units sold in May in the price range between $136,301 – $369,799 with an average of 3.3 bedrooms and 2.1 bathrooms and average Square footage of 1,980SF.

In Mchenry there were 4 units sold in May in the price range between $369,800 – $530,000 with an average of 4.8 bedrooms and 3.1 bathrooms and average Square footage of 3,527SF.

The low price range had the most activity. Homes up to $136,300 were on the market on average 36 days and sold an average of $120,338.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Mchenry. Search all Mchenry homes for Sale on propertyup.com If you are considering viewing Mchenry, you may want to do so now!

Posted by

John Herman

Licensed Illinois Managing Broker

Property Up Inc.

Call Now  (847) 847-4711 For Real Estate Service.

 

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