Is Crestwood, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crestwood is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Crestwood has remained a Seller's Market.

Key Takeaway

Crestwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$17,900(+11.8%)

Key Takeaway

Homes in Crestwood have sold for 11.8% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $96K$100K
+4.2%
2 $140K$154K
+10.0%
3 $256.5K$290K
+13.1%
4 $284K$305K
+7.4%
5+ $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
+11.8%
Midlothian
+7.1%
Alsip
+6.5%
Bremen Township
+4.7%

Housing Supply in Crestwood, IL

How many homes are available in Crestwood, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4036-10.0%

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

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 2118
-14.3%
3 1010
0.0%
4 54
-20.0%
5+ 22
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 2024Apr 2024CHANGE
1317+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crestwood, you could pay more than the asking price. 47.1% of homes here sold above asking price last month.

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 2023Apr 2024CHANGE
37 Days26 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Crestwood are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

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