Is Crystal Lake, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crystal Lake is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Crystal Lake, IL

How much do homes in Crystal Lake, IL cost?

Median Sold Price

$359,725

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,925(+7.8%)

Key Takeaway

Homes in Crystal Lake have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Crystal Lake was $359,725 in November 2024, up 7.8% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $112K$145K
+29.5%
2 $235K$245.5K
+4.5%
3 $309.6K$331.7K
+7.1%
4 $410K$448.1K
+9.3%
5+ $525K$528K
+0.6%

Summary: Crystal Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 0.6%.

Median Sold Price Compared To Nearby Cities

Lakewood
+9.3%
Algonquin Township
+8.1%
Crystal Lake
+7.8%
Lake in the Hills
+4.6%
Nunda Township
+3.2%

Housing Supply in Crystal Lake, IL

How many homes are available in Crystal Lake, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2012010.0%

Summary: The Crystal Lake real estate market had 201 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 34
+33.3%
2 3129
-6.5%
3 7176
+7.0%
4 7570
-6.7%
5+ 2122
+4.8%

Summary: The Crystal Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 4.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4864+33.3%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crystal Lake, you may be able to get a good deal. 53.1% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in Crystal Lake in November 2024, up by 33.3% month-over-month. Of the 64 sold homes, 53% were sold under asking, 11% were sold at asking, and 36% were sold over asking.

Days on Market for Crystal Lake, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days21 Days-19.4%

Summary: Homes in Crystal Lake had an average of 21 days on market in Nov 2024, down by 19.4% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 64 homes were sold in Crystal Lake; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% 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 17 Days Ago

Newest Listings in Crystal Lake, IL

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