Is Crestwood, 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, 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 April 2023
Summary: The median home sold price in Crestwood was $169,900 in April 2024, up 11.8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | $100K | +4.2% |
2 Bedrooms | $140K | $154K | +10.0% |
3 Bedrooms | $256.5K | $290K | +13.1% |
4 Bedrooms | $284K | $305K | +7.4% |
5+ Bedrooms | $298K | $259.3K | -13.0% |
Summary: Crestwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes decreased by 13%.
Median Sold Price Compared To Nearby Cities
Crestwood | $152K | $169.9K | +11.8% |
Midlothian | $210K | $225K | +7.1% |
Alsip | $225.4K | $240K | +6.5% |
Bremen Township | $210K | $219.9K | +4.7% |
Housing Supply in Crestwood, IL
How many homes are available in Crestwood, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
40 | 36 | -10.0% |
Summary: The Crestwood real estate market had 36 homes for sale in April 2024, a 10.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 21 | 18 | -14.3% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Crestwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 17 | +30.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Crestwood in April 2024, up by 30.8% month-over-month. Of the 17 sold homes, 35% were sold under asking, 18% were sold at asking, and 47% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 26 Days | -28.9% |
Summary: Homes in Crestwood had an average of 26 days on market in Apr 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
12 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, 17 homes were sold in Crestwood; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.