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 September 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

$179,700

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$20,200(+12.7%)

Key Takeaway

Homes in Crestwood have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Crestwood was $179,700 in September 2024, up 12.7% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $102.5K$115K
+12.2%
2 $145K$162.7K
+12.2%
3 $265K$270K
+1.9%
4 $302.5K$385K
+27.3%
5+ $298K$375K
+25.8%

Summary: Crestwood housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 25.8%.

Median Sold Price Compared To Nearby Cities

Crestwood
+12.7%
Alsip
+8.4%
Bremen Township
+7.1%
Midlothian
+5.8%

Housing Supply in Crestwood, IL

How many homes are available in Crestwood, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5862+6.9%

Summary: The Crestwood real estate market had 62 homes for sale in September 2024, a 6.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 3738
+2.7%
3 1210
-16.7%
4 59
+80.0%
5+ 34
+33.3%

Summary: The Crestwood housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1615-6.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crestwood, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Crestwood in September 2024, down by 6.3% month-over-month. Of the 15 sold homes, 47% were sold under asking, 27% were sold at asking, and 27% 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

Sep 2023Sep 2024CHANGE
50 Days14 Days-71.9%

Summary: Homes in Crestwood had an average of 14 days on market in Sep 2024, down by 71.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 September 2024, 15 homes were sold in Crestwood; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 Sep 1, 2024

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