Is Crest Hill, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$250,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Crest Hill was $250,000 in February 2024, up 13.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $145K | - | N/A |
2 Bedrooms | $205K | $225K | +9.8% |
3 Bedrooms | $245K | $270K | +10.2% |
4 Bedrooms | $300K | $305K | +1.7% |
5+ Bedrooms | $253K | $302K | +19.4% |
Summary: Crest Hill housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
Joliet Township | $191.1K | $245K | +28.2% |
Crest Hill | $221K | $250K | +13.1% |
Lockport Township | $253.4K | $285K | +12.5% |
Plainfield Township | $320K | $354.9K | +10.9% |
Joliet | $258.3K | $266.5K | +3.2% |
Housing Supply in Crest Hill, IL
How many homes are available in Crest Hill, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
41 | 43 | +4.9% |
Summary: The Crest Hill real estate market had 43 homes for sale in February 2024, a 4.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 27 | +28.6% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 5 | 2 | -60.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Crest Hill housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 10 | -37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Crest Hill in February 2024, down by 37.5% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 46 Days | +17.9% |
Summary: Homes in Crest Hill had an average of 46 days on market in Feb 2024, up by 17.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 10 homes were sold in Crest Hill; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.