Is Crest Hill, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Crest Hill has remained a Seller's Market.
Housing Prices in Crest Hill, IL
How much do homes in Crest Hill, IL cost?
Median Sold Price
$255,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Crest Hill was $255,000 in April 2024, up 13.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $211K | $232K | +10.0% |
3 Bedrooms | $249K | $274.9K | +10.4% |
4 Bedrooms | $277K | $305K | +10.1% |
5+ Bedrooms | $253K | $350K | +38.3% |
Summary: Crest Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 38.3%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $199.9K | $247.6K | +23.8% |
Crest Hill | $224K | $255K | +13.8% |
Lockport Township | $256.5K | $290K | +13.0% |
Plainfield Township | $327.4K | $360K | +9.9% |
Joliet | $257.9K | $269.9K | +4.7% |
Housing Supply in Crest Hill, IL
How many homes are available in Crest Hill, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 57 | +7.5% |
Summary: The Crest Hill real estate market had 57 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 33 | 30 | -9.1% |
3 Bedrooms | 15 | 21 | +40.0% |
4 Bedrooms | 2 | 4 | +100.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Crest Hill 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 decreased by 9.1%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 18 | -5.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Crest Hill in April 2024, down by 5.3% month-over-month. Of the 18 sold homes, 22% were sold under asking, 28% were sold at asking, and 50% were sold over asking.
Days on Market for Crest Hill, IL
How long does it take to sell a home in Crest Hill, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 14 Days | -9.2% |
Summary: Homes in Crest Hill had an average of 14 days on market in Apr 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Crest Hill; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.