Is Crestwood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crestwood is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Crestwood, IL

How much do homes in Crestwood, IL cost?

Median Sold Price

$180,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,000(+11.1%)

Key Takeaway

Homes in Crestwood have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Crestwood was $180,000 in October 2024, up 11.1% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $105K$119K
+13.3%
2 $148K$165K
+11.5%
3 $259.9K$275K
+5.8%
4 $302.5K$330K
+9.1%
5+ $286.5K$394.9K
+37.9%

Summary: Crestwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 37.9%.

Median Sold Price Compared To Nearby Cities

Crestwood
+11.1%
Midlothian
+9.0%
Bremen Township
+7.3%
Alsip
+4.3%

Housing Supply in Crestwood, IL

How many homes are available in Crestwood, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6061+1.7%

Summary: The Crestwood real estate market had 61 homes for sale in October 2024, a 1.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 3937
-5.1%
3 99
0.0%
4 711
+57.1%
5+ 42
-50.0%

Summary: The Crestwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2021+5.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crestwood, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Crestwood in October 2024, up by 5.0% month-over-month. Of the 21 sold homes, 33% were sold under asking, 14% were sold at asking, and 52% were sold over asking.

Days on Market for Crestwood, IL

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

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days21 Days+45.5%

Summary: Homes in Crestwood had an average of 21 days on market in Oct 2024, up by 45.5% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 21 homes were sold in Crestwood; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% 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 Crestwood, IL

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