Is Mchenry, IL 60051 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Mchenry is a seller’s market. With about 3.6 months of supply and 41% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score62/ 100

More competitive than 64% of U.S. ZIP codes, and #283 of 464 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply3.6Under 4 months = seller’s market
Sold above original list40.9%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market51Listing to accepted offer
Median price per sq ft$205▲ +5.7% vs. last year

The Mchenry housing market right now

In the three months ending August 31, 2026, 41% of homes in Mchenry, IL 60051 sold above their list price, the typical home went under contract in 51 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 108 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (41% then), homes sold about as fast and the median sale price fell 5% to $334,855. Overall, Mchenry is about as competitive as it was a year ago.

Within McHenry County, homes here sell more slowly than in 53% of the county’s ZIP codes, and sell less often over asking than in 53%. On our competition score, Mchenry ranks #283 of 464 IL ZIP codes with enough sales (score 62 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.

Nearby markets

Algonquin 60102Seller’s market $206 /sq ftCary 60013Seller’s market $190 /sq ftCrystal Lake 60012Seller’s market $198 /sq ftCrystal Lake 60014Seller’s market $193 /sq ft Browse all markets →

Where Mchenry is

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Questions about Mchenry real estate

Is Mchenry a buyer’s or seller’s market?

A seller’s market: there were 3.6 months of supply in Mchenry, IL 60051 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Mchenry?

The typical home went under contract in 51 days in the latest three months.

Do homes in Mchenry sell over asking?

41% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Mchenry?

About 2.36% of a home’s value a year in McHenry County, or roughly $9,440 on a $400,000 home.

What is the median home price in Mchenry?

The median sale price was $334,855 in the three months ending August 31, 2026, about $205 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology