Geneseo-area home prices rise 16.4% in May, with houses for sale in high demand

Mike Stucka and Sean Lahman USA TODAY NETWORK
One of many homes for sale in Plymouth and around Metro Detroit on Thursday, April 14, 2022.

A typical Henry County home listed for $127,950 in May, up 16.4% from a month earlier, an analysis of data from Realtor.com shows.

The median list home price in May was up about 16.4% from May 2021. Henry County's median home was 1,724 square feet for a listed price of $73 per square foot.

The Henry County market was busy, with a median 28 days on market. A month earlier, homes had a median 42 days on market. The market added 52 new home listings in May, compared with the 68 added in May 2021. The market ended the month with some 51 listings of homes for sale.

Information on your local housing market is available through the USA TODAY Network, with more data from Realtor.com.

Across metro Davenport, median home prices rose to $161,950, up 14.1% from a month earlier. The median home had 1,579 square feet, at a list price of $105 per square foot.

Across all of Illinois, median home prices were $300,000, rising 3.8% from a month earlier. The median Illinois home for sale had 1,650 square feet at list price of $178 per square foot.

Across the United States, median home prices were $446,950, up 5.2% from a month earlier. The median American home for sale had 1,861 square feet, listed at $226 per square foot.

The median home list price — the midway point of all the houses or units listed over a period of time — is used more often in this report instead of the average home list price because experts say the median offers a more accurate view of what's happening in a market. In finding the average price, all prices of homes listed are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.

The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from the Realtor.com residential listings database.. The story was written by Mike Stucka and Sean Lahman.