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 November 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

$181,300

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,550(+11.4%)

Key Takeaway

Homes in Crestwood have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Crestwood was $181,300 in November 2024, up 11.4% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $102.5K$121.2K
+18.3%
2 $148.4K$165K
+11.1%
3 $265K$280K
+5.7%
4 $320K$310K
-3.1%
5+ $275K$394.9K
+43.6%

Summary: Crestwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.3%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 43.6%.

Median Sold Price Compared To Nearby Cities

Crestwood
+11.4%
Bremen Township
+9.4%
Midlothian
+8.2%
Alsip
+4.1%
Robbins
-0.8%

Housing Supply in Crestwood, IL

How many homes are available in Crestwood, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5849-15.5%

Summary: The Crestwood real estate market had 49 homes for sale in November 2024, a 15.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 3526
-25.7%
3 911
+22.2%
4 1110
-9.1%
5+ 11
0.0%

Summary: The Crestwood housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2210-54.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 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. 40% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Crestwood in November 2024, down by 54.5% month-over-month. Of the 10 sold homes, 30% were sold under asking, 30% were sold at asking, and 40% 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

Nov 2023Nov 2024CHANGE
18 Days7 Days-61.5%

Summary: Homes in Crestwood had an average of 7 days on market in Nov 2024, down by 61.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 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 November 2024, 10 homes were sold in Crestwood; 100% of homes were sold within 30 days, 0% 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 29 Days Ago

Newest Listings in Crestwood, IL

Nearby Markets to Crestwood, IL

What housing markets are near Crestwood, IL?