Is Mchenry, IL 60050 a buyer’s or seller’s market?

The Mchenry housing market right now

In the three months ending August 31, 2026, 40% of homes in Mchenry, IL 60050 sold above their list price, the typical home went under contract in 48 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 131 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 47%, homes sold more slowly (42 days then) and the median sale price rose 20% to $349,849. Overall, Mchenry is less competitive than a year ago, which gives buyers more room.

Within McHenry County, homes here sell faster than in 65% of the county’s ZIP codes, and sell less often over asking than in 59%. On our competition score, Mchenry ranks #200 of 464 IL ZIP codes with enough sales (score 69 out of 100).

Nearby, buyers who want less competition could look at Union 60180 (0% sold over asking) or Richmond 60071 (8% sold over asking), while Ringwood 60072 (100% sold over asking) and Hebron 60034 (60% sold over asking) are even more competitive.