Is Crest Hill, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Crest Hill has remained a Seller's Market.
Housing Prices in Crest Hill, IL
How much do homes in Crest Hill, IL cost?
Median Sold Price
$253,516
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Crest Hill was $253,516 in May 2024, up 12% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $212.5K | $236K | +11.1% |
3 Bedrooms | $255K | $272.4K | +6.8% |
4 Bedrooms | $277K | $312.5K | +12.8% |
5+ Bedrooms | $266.5K | $377.5K | +41.7% |
Summary: Crest Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 41.7%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $205K | $247.7K | +20.8% |
Lockport Township | $260K | $291.6K | +12.2% |
Crest Hill | $226.4K | $253.5K | +12.0% |
Plainfield Township | $330K | $360.6K | +9.3% |
Joliet | $258.9K | $270K | +4.3% |
Housing Supply in Crest Hill, IL
How many homes are available in Crest Hill, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 68 | +15.3% |
Summary: The Crest Hill real estate market had 68 homes for sale in May 2024, a 15.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 31 | 31 | 0.0% |
3 Bedrooms | 19 | 21 | +10.5% |
4 Bedrooms | 7 | 13 | +85.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Crest Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 85.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Crest Hill in May 2024, up by 26.3% month-over-month. Of the 24 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 15 Days | -33.6% |
Summary: Homes in Crest Hill had an average of 15 days on market in May 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 24 homes were sold in Crest Hill; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.