Is Crete, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Crete has remained a Seller's Market.
Housing Prices in Crete, IL
How much do homes in Crete, IL cost?
Median Sold Price
$265,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Crete was $265,000 in May 2024, up 2% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | - | N/A |
2 Bedrooms | $150K | $173.9K | +15.9% |
3 Bedrooms | $250K | $251K | 0.4% |
4 Bedrooms | $285K | $326.7K | +14.6% |
5+ Bedrooms | $310.9K | $394K | +26.7% |
Summary: Crete housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 26.7%.
Median Sold Price Compared To Nearby Cities
Crete Township | $215K | $242.5K | +12.8% |
Steger | $153.5K | $165.4K | +7.8% |
Sauk Village | $145K | $150K | +3.4% |
Crete | $259.9K | $265K | +2.0% |
University Park | $175K | $175K | 0.0% |
Housing Supply in Crete, IL
How many homes are available in Crete, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 97 | +26.0% |
Summary: The Crete real estate market had 97 homes for sale in May 2024, a 26.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 41 | 48 | +17.1% |
4 Bedrooms | 23 | 32 | +39.1% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Crete housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 19 | +58.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Crete in May 2024, up by 58.3% month-over-month. Of the 19 sold homes, 32% were sold under asking, 16% were sold at asking, and 53% were sold over asking.
Days on Market for Crete, IL
How long does it take to sell a home in Crete, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 17 Days | -35.1% |
Summary: Homes in Crete had an average of 17 days on market in May 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Crete; 74% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.