Is Crystal Lake, 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, Crystal Lake has remained a Seller's Market.
Housing Prices in Crystal Lake, IL
How much do homes in Crystal Lake, IL cost?
Median Sold Price
$347,794
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Crystal Lake was $347,794 in April 2024, up 21.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $123.5K | +30.0% |
2 Bedrooms | $200K | $244K | +22.0% |
3 Bedrooms | $270K | $315.7K | +16.9% |
4 Bedrooms | $375K | $425K | +13.3% |
5+ Bedrooms | $434.5K | $525K | +20.8% |
Summary: Crystal Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 22%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
Crystal Lake | $285.6K | $347.7K | +21.7% |
Nunda Township | $304.9K | $338.4K | +11.0% |
Algonquin Township | $300.2K | $325.3K | +8.3% |
Lakewood | $490.5K | $527K | +7.4% |
Lake in the Hills | $308K | $310.5K | +0.8% |
Housing Supply in Crystal Lake, IL
How many homes are available in Crystal Lake, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
173 | 204 | +17.9% |
Summary: The Crystal Lake real estate market had 204 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 27 | 37 | +37.0% |
3 Bedrooms | 63 | 75 | +19.0% |
4 Bedrooms | 68 | 74 | +8.8% |
5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Crystal Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 37%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
52 | 52 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Crystal Lake in April 2024, the same as the previous month. Of the 52 sold homes, 37% were sold under asking, 12% were sold at asking, and 52% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 14 Days | -32.5% |
Summary: Homes in Crystal Lake had an average of 14 days on market in Apr 2024, down by 32.5% compared to last year.
Breakdown of Home Sale Times
47 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 52 homes were sold in Crystal Lake; 90% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.