Illinois-McHenry Counry-Algonquin Market Report

How is the current Real Estate Market in Algonquin, McHenry County, Illinois?

As of this morning, per MRED MLS, for the past 3 months:

We currently have 320 Single Family homes on the market in Algonquin that are active and available. (inventory has slightly increased since my last report)

They have been on the market for an average of 180 days. (market time has decreased slightly since the last report)

The average list price is Algonquin is $361,356.

During the past 3 months, 36 Single Family homes have successfully closed with the help of their Realtors. This only represents 51% of the market that have had success. They took an average of 191 days on the market to SELL and Close. The average list price of the SOLD Single Family homes is $317,500 and the average SOLD price is $304,535.

So, on the average Single Family homes in Algonquin have been getting an average of 96% of their list prices, with the help of their Realtors.

We currently have 137 Attached homes on the market in Algonquin that are active and available.

They have been on the market for an average of 184 days.

The average list price is $214,219.

During the past 3 months, 19 Attached homes have successfully closed with the help of their Realtors. This only represents 59% of the market that have had success. They took an average of 137 days on the market to get SOLD.

The average list price of the SOLD Attached homes is $203,445 and the average SOLD price is $193,534.

So, on the average Attached homes in Algonquin have been getting an average of 95% of their list prices, with the help of their Realtors.

We are still experiencing a Buyer's Market in Algonquin but the market statistics are improving.

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