Is Crestwood, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$169,950
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Crestwood was $169,950 in June 2024, up 9.8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | $105.5K | +9.9% |
2 Bedrooms | $141.9K | $155K | +9.2% |
3 Bedrooms | $259.9K | $292.5K | +12.5% |
4 Bedrooms | $279.5K | $350K | +25.2% |
5+ Bedrooms | $298K | $350K | +17.4% |
Summary: Crestwood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 17.4%.
Median Sold Price Compared To Nearby Cities
Crestwood | $154.7K | $169.9K | +9.8% |
Alsip | $228.9K | $246.2K | +7.6% |
Bremen Township | $209.9K | $224K | +6.7% |
Midlothian | $219K | $225K | +2.7% |
Housing Supply in Crestwood, IL
How many homes are available in Crestwood, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
34 | 40 | +17.6% |
Summary: The Crestwood real estate market had 40 homes for sale in June 2024, a 17.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 22 | 23 | +4.5% |
3 Bedrooms | 5 | 11 | +120.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Crestwood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 120%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Crestwood in June 2024, down by 15.4% month-over-month. Of the 11 sold homes, 9% were sold under asking, 18% were sold at asking, and 73% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
12 Days | 6 Days | -49.9% |
Summary: Homes in Crestwood had an average of 6 days on market in Jun 2024, down by 49.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 11 homes were sold in Crestwood; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.