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 October 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

$355,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,925(+9.2%)

Key Takeaway

Homes in Crystal Lake have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Crystal Lake was $355,000 in October 2024, up 9.2% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $112K$121K
+8.0%
2 $232K$247K
+6.5%
3 $305K$330.1K
+8.2%
4 $410K$430K
+4.9%
5+ $525K$515K
-1.9%

Summary: Crystal Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 1.9%.

Median Sold Price Compared To Nearby Cities

Lakewood
+9.3%
Crystal Lake
+9.2%
Algonquin Township
+7.9%
Nunda Township
+4.8%
Lake in the Hills
+4.0%

Housing Supply in Crystal Lake, IL

How many homes are available in Crystal Lake, IL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
197222+12.7%

Summary: The Crystal Lake real estate market had 222 homes for sale in October 2024, a 12.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 13
+200.0%
2 3334
+3.0%
3 7180
+12.7%
4 7481
+9.5%
5+ 1824
+33.3%

Summary: The Crystal Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5845-22.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

12 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. 46.7% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in Crystal Lake in October 2024, down by 22.4% month-over-month. Of the 45 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% 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

Oct 2023Oct 2024CHANGE
16 Days24 Days+48.1%

Summary: Homes in Crystal Lake had an average of 24 days on market in Oct 2024, up by 48.1% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

11 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 October 2024, 45 homes were sold in Crystal Lake; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% 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 16 Days Ago

Newest Listings in Crystal Lake, IL

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