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Featured local agent — Harvard, IL
Sarah Mitchell
Compass Real Estate · Harvard, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Harvard, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$195,000median sale price
How is the Harvard, IL housing market right now?
The median home sale price in Harvard, IL is $195,000, down 18.8% year-over-year. Homes sell in an average of 123 days with 25 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Harvard a buyer's or seller's market?
Harvard, IL is currently a buyer's market, based on 8.3 months of supply and homes selling in about 123 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
123
Average pace
Active listings
25
8.3 months supply
Sale-to-list
95.2%
Below asking
What does the Harvard housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $195,000 |
| Median list price | $249,900 |
| Year-over-year price change | -18.8% |
| Average days on market | 123 days |
| Active inventory | 25 listings |
| Months of supply | 8.3 months |
| Sale-to-list price ratio | 95.2% |
| Median price per sq ft | $211/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 13 |
| Listings with a price cut | 8.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Harvard by property type?
How the Harvard, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $195,000 | $211/sq ft | 3 | 123 days |
| Condo / Co-op | $222,500 | $193/sq ft | 2 | 22 days |
| Townhouse | $279,900 | $200/sq ft | 1 | 92 days |
Source: Redfin · Updated monthly
The Harvard housing market is currently classified as a buyer's market with a median sale price of $195,000. Prices have fallen 18.8% compared to last year, with homes spending an average of 123 days on market, indicating 8.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Harvard
There are currently 25 homes listed for sale in Harvard, Illinois. The median listing price is $250K.
Active listings
25
Homes on market
Median list price
$250K
Avg. days on market
123
Days until sale
New this week
13
Newly listed
Who lives in Harvard?
Population
9,875
Median income
$71,418/yr
Median age
30.5 years
Owner-occupied
61.1%
College grads
19.2%
Avg commute
27.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Harvard?
Zillow home value
$278,216
Price-to-income
3.9x
Source: Zillow Research
What is it like to live in Harvard?
Harvard is a community of approximately 10K residents with a median age of 30.5 years.The median household income is $71,418, which represents a working-class community with solid middle-income opportunities. 19.2% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 61.1%, showing a blend of owner and renter-occupied properties. The average commute time is 27.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Harvard offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Harvard?
5 schools tracked · 2,499 students
The largest public schools serving Harvard, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Harvard High School
Grades 9-12 · 798 students
Crosby Elem Sch
Grades K-3 · 637 students
Harvard Jr High School
Grades 6-8 · 577 students
Jefferson Elem School
Grades 4-5 · 359 students
Washington Elem School
Grades PK · 128 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Harvard, IL?
Want a head-to-head view? Compare Harvard side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Harvard?
The median home sale price in Harvard is $195,000, down 18.8% from last year.
How long do homes stay on market in Harvard?
Homes typically spend 123 days on market before going under contract.
What is the median income in Harvard?
The median household income is $71,418 per year.
Is Harvard a buyer's or seller's market?
With 8.3 months of supply, Harvard is currently a buyer's market.
What is the Zillow home value estimate for Harvard?
The Zillow Home Value Index (ZHVI) for Harvard is $278,216, representing the typical home value in the area.
What is the median condo price in Harvard?
The median condo/co-op sale price in Harvard, IL is $222,500, compared to $195,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Harvard?
The median single-family home price in Harvard, IL is $195,000 (about $211 per square foot).
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