Is Crete Township, 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 Township has remained a Seller's Market.
Housing Prices in Crete Township, IL
How much do homes in Crete Township, IL cost?
Median Sold Price
$242,500
$128/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Crete Township was $242,500 in May 2024, up 12.8% from last year, and the median price per square foot was $128.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | - | N/A |
2 Bedrooms | $150K | $168K | +12.0% |
3 Bedrooms | $206.5K | $235K | +13.8% |
4 Bedrooms | $283K | $299.9K | +6.0% |
5+ Bedrooms | $250K | $325K | +30.0% |
Summary: Crete Township 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 12%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 30%.
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% |
Park Forest | $140K | $140.7K | 0.5% |
Housing Supply in Crete Township, IL
How many homes are available in Crete Township, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
115 | 142 | +23.5% |
Summary: The Crete Township real estate market had 142 homes for sale in May 2024, a 23.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 13 | 16 | +23.1% |
3 Bedrooms | 61 | 72 | +18.0% |
4 Bedrooms | 30 | 40 | +33.3% |
5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Crete Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 31 | +106.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Crete Township in May 2024, up by 106.7% month-over-month. Of the 31 sold homes, 32% were sold under asking, 16% were sold at asking, and 52% were sold over asking.
Days on Market for Crete Township, IL
How long does it take to sell a home in Crete Township, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 34 Days | +21.5% |
Summary: Homes in Crete Township had an average of 34 days on market in May 2024, up by 21.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Crete Township; 71% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.