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Featured local agent — Harwood Heights, IL
Sarah Mitchell
Compass Real Estate · Harwood Heights, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Harwood Heights, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$420,000median sale price
How is the Harwood Heights, IL housing market right now?
The median home sale price in Harwood Heights, IL is $420,000, down 0.1% year-over-year. Homes sell in an average of 69 days with 24 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 Harwood Heights a buyer's or seller's market?
Harwood Heights, IL is currently a buyer's market, based on 8.0 months of supply and homes selling in about 69 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
69
Average pace
Active listings
24
8.0 months supply
Sale-to-list
98.8%
Below asking
What does the Harwood Heights housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $420,000 |
| Median list price | $395,000 |
| Year-over-year price change | -0.1% |
| Average days on market | 69 days |
| Active inventory | 24 listings |
| Months of supply | 8.0 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $232/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 15 |
| Listings with a price cut | 25.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Harwood Heights by property type?
How the Harwood Heights, 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 | $431,000 | $255/sq ft | 2 | 53 days |
| Condo / Co-op | $420,000 | $210/sq ft | 1 | 147 days |
Source: Redfin · Updated monthly
The Harwood Heights housing market is currently classified as a buyer's market with a median sale price of $420,000. Prices have fallen 0.1% compared to last year, with homes spending an average of 69 days on market, indicating 8.0 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 4.9x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Harwood Heights
There are currently 24 homes listed for sale in Harwood Heights, Illinois. The median listing price is $395K.
Active listings
24
Homes on market
Median list price
$395K
Avg. days on market
69
Days until sale
New this week
15
Newly listed
Who lives in Harwood Heights?
Population
8,851
Median income
$79,651/yr
Median age
41.5 years
Owner-occupied
59.4%
College grads
31.6%
Avg commute
28.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Harwood Heights?
Zillow home value
$388,077
Zillow rent index
$2,300/mo
Price-to-rent ratio
14.1x
Price-to-income
4.9x
Source: Zillow Research
What is it like to live in Harwood Heights?
Harwood Heights is a community of approximately 9K residents with a median age of 41.5 years.The median household income is $79,651, which reflects a relatively affluent area with strong earning potential. 31.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 59.4%, showing a blend of owner and renter-occupied properties. The average commute time is 28.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Harwood Heights offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Harwood Heights?
1 schools tracked · 647 students
The largest public schools serving Harwood Heights, 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.
Union Ridge Elem School
Grades PK-8 · 647 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 Harwood Heights, IL?
Want a head-to-head view? Compare Harwood Heights side-by-side with any other U.S. city using our market-comparison tool.
Is Harwood Heights a good real estate investment market?
For investors evaluating Harwood Heights, the price-to-rent ratio of 14.1x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has softened 0.1% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Harwood Heights's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Harwood Heights's median home price.
Frequently asked questions
What is the average home price in Harwood Heights?
The median home sale price in Harwood Heights is $420,000, down 0.1% from last year.
How long do homes stay on market in Harwood Heights?
Homes typically spend 69 days on market before going under contract.
What is the median income in Harwood Heights?
The median household income is $79,651 per year.
Is Harwood Heights a buyer's or seller's market?
With 8.0 months of supply, Harwood Heights is currently a buyer's market.
What is the Zillow home value estimate for Harwood Heights?
The Zillow Home Value Index (ZHVI) for Harwood Heights is $388,077, representing the typical home value in the area.
What is the median condo price in Harwood Heights?
The median condo/co-op sale price in Harwood Heights, IL is $420,000, compared to $431,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Harwood Heights?
The median single-family home price in Harwood Heights, IL is $431,000 (about $255 per square foot).
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