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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crestwood is a neutral's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Crestwood was a Seller's Market.

Key Takeaway

Crestwood is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Crestwood, IL cost?

Median Sold Price

$144,000

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$9,000(+6.7%)

Key Takeaway

Homes in Crestwood have sold for 6.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $72K$86K
+19.4%
2 $120K$135K
+12.5%
3 $249.5K$260K
+4.2%
4 $284K$265K
-6.7%
5+ $299.2K$415K
+38.7%

Median Sold Price Compared To Nearby Cities

Bremen Township
+7.4%
Crestwood
+6.7%
Alsip
+2.3%
Midlothian
+2.2%

How many homes are available in Crestwood, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
5153+3.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 32
-33.3%
2 2932
+10.3%
3 1011
+10.0%
4 65
-16.7%
5+ 33
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
138-38.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crestwood, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
13 Days37 Days+183.9%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 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.

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

About Crestwood, IL

There are 53 homes are for sale in Crestwood, IL real estate market. The inventory of homes for sale in Crestwood, IL between October 2022 and November 2022 increased by 3.9%. The median list price of listings available in November 2022 was $144,000, while the average time on the real estate market was 37 days. This housing market listing prices have changed between October 2022 and November 2022: the cost of 1 bedroom properties went up by 19.4%, prices of 2 bedrooms properties increased by 12.5%, 3 bedrooms properties became 4.2% more expensive, the cost of 4 bedrooms properties went down by 6.7%, prices of 5 bedrooms properties increased by 38.7%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went down by 33.3%, number of 2 bedrooms homes increased by 10.3%, the quantity of 3 bedrooms homes went up by 10%, volume of 4 bedrooms homes went down by 16.7%, 5 bedrooms homes did not move. Crestwood, IL housing market in November 2022 saw over 2 listings sold above listed price, more than 4 sold at listed price and over 2 sold below.

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