Is Crete Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crete Township is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Crete Township was a Seller's Market.

Key Takeaway

Crete Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Crete Township, IL

How much do homes in Crete Township, IL cost?

Median Sold Price

$260,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$36,166(+16.2%)

Key Takeaway

Homes in Crete Township have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in Crete Township was $260,000 in September 2024, up 16.2% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $67.5K$127K
+88.1%
2 $160K$161K
+0.6%
3 $208.2K$252.5K
+21.2%
4 $275K$295.5K
+7.5%
5+ $286K$303K
+5.9%

Summary: Crete Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.1%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Cities

Crete Township
+16.2%
Steger
+9.7%
Crete
+3.2%
Sauk Village
0.3%
Park Forest
-1.7%

Housing Supply in Crete Township, IL

How many homes are available in Crete Township, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
136148+8.8%

Summary: The Crete Township real estate market had 148 homes for sale in September 2024, a 8.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 1516
+6.7%
3 7279
+9.7%
4 3842
+10.5%
5+ 99
0.0%

Summary: The Crete Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2922-24.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crete Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 22 homes were sold or pending in Crete Township in September 2024, down by 24.1% month-over-month. Of the 22 sold homes, 41% were sold under asking, 9% were sold at asking, and 50% were sold over asking.

Days on Market for Crete Township, IL

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

Average Sale Time

Sep 2023Sep 2024CHANGE
42 Days32 Days-24.0%

Summary: Homes in Crete Township had an average of 32 days on market in Sep 2024, down by 24% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 22 homes were sold in Crete Township; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% 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 Crete Township, IL

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