Is Crest Hill, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crest Hill is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Crest Hill has remained a Seller's Market.

Key Takeaway

Crest Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Crest Hill, IL

How much do homes in Crest Hill, IL cost?

Median Sold Price

$263,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,500(+10.7%)

Key Takeaway

Homes in Crest Hill have sold for 10.7% more than they did a year ago.

Summary: The median home sold price in Crest Hill was $263,000 in October 2024, up 10.7% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130K-
N/A
2 $219K$245K
+11.9%
3 $268K$282.5K
+5.4%
4 $300K$339.9K
+13.3%
5+ $291K$350K
+20.3%

Summary: Crest Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 20.3%.

Median Sold Price Compared To Nearby Cities

Crest Hill
+10.7%
Joliet Township
+10.6%
Joliet
+6.1%
Lockport Township
+5.4%
Plainfield Township
+5.3%

Housing Supply in Crest Hill, IL

How many homes are available in Crest Hill, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6984+21.7%

Summary: The Crest Hill real estate market had 84 homes for sale in October 2024, a 21.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3645
+25.0%
3 2127
+28.6%
4 88
0.0%
5+ 44
0.0%

Summary: The Crest Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
22220.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crest Hill, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Crest Hill in October 2024, the same as the previous month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Crest Hill, IL

How long does it take to sell a home in Crest Hill, IL?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days16 Days-34.4%

Summary: Homes in Crest Hill had an average of 16 days on market in Oct 2024, down by 34.4% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Crest Hill are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 22 homes were sold in Crest Hill; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Crest Hill, IL

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