Is Creal Springs, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Creal Springs is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Creal Springs was a Seller's Market.

Key Takeaway

Creal Springs 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 Creal Springs, IL

How much do homes in Creal Springs, IL cost?

Median Sold Price

$284,000

$212/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$28,450(-9.1%)

Key Takeaway

Homes in Creal Springs have sold for 9.1% less than they did a month ago.

Summary: The median home sold price in Creal Springs was $284,000 in April 2024, down 9.1% from last month, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 $59K$150K
+154.2%
3 $312.4K$375K
+20.0%
4 --
N/A
5+ $500K-
N/A

Summary: Creal Springs housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 154.2%, 3 bedroom homes increased by 20%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Creal Springs, IL

How many homes are available in Creal Springs, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2325+8.7%

Summary: The Creal Springs real estate market had 25 homes for sale in April 2024, a 8.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 88
0.0%
3 1314
+7.7%
4 13
+200.0%
5+ 10
-100.0%

Summary: The Creal Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 200%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
440.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Creal Springs, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Creal Springs in April 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Creal Springs, IL

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

Average Sale Time

Mar 2024Apr 2024CHANGE
99 Days87 Days-11.8%

Summary: Homes in Creal Springs had an average of 87 days on market in Apr 2024, down by 11.8% compared to last month.

Breakdown of Home Sale Times

2 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 Creal Springs are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in Creal Springs; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 28 Days Ago

Newest Listings in Creal Springs, IL

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