Is Crestwood, 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, Crestwood has remained a Seller's Market.
Housing Prices in Crestwood, IL
How much do homes in Crestwood, IL cost?
Median Sold Price
$169,900
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Crestwood was $169,900 in May 2024, up 9.3% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87K | $100K | +14.9% |
2 Bedrooms | $140K | $154K | +10.0% |
3 Bedrooms | $257K | $290K | +12.8% |
4 Bedrooms | $284K | $350K | +23.2% |
5+ Bedrooms | $298K | $350K | +17.4% |
Summary: Crestwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
Robbins | $94K | $110K | +17.0% |
Crestwood | $155.4K | $169.9K | +9.3% |
Alsip | $225.4K | $245K | +8.7% |
Bremen Township | $210K | $220.1K | +4.8% |
Midlothian | $212.5K | $220.6K | +3.8% |
Housing Supply in Crestwood, IL
How many homes are available in Crestwood, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 35 | -2.8% |
Summary: The Crestwood real estate market had 35 homes for sale in May 2024, a 2.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 10 | 5 | -50.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Crestwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Crestwood in May 2024, down by 27.8% month-over-month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.
Days on Market for Crestwood, IL
How long does it take to sell a home in Crestwood, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 16 Days | -25.3% |
Summary: Homes in Crestwood had an average of 16 days on market in May 2024, down by 25.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Crestwood; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.