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 May 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 May 2023

+$14,450(+9.3%)

Key Takeaway

Homes in Crestwood have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Crestwood was $169,900 in May 2024, up 9.3% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $87K$100K
+14.9%
2 $140K$154K
+10.0%
3 $257K$290K
+12.8%
4 $284K$350K
+23.2%
5+ $298K$350K
+17.4%

Summary: Crestwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 17.4%.

Median Sold Price Compared To Nearby Cities

Robbins
+17.0%
Crestwood
+9.3%
Alsip
+8.7%
Bremen Township
+4.8%
Midlothian
+3.8%

Housing Supply in Crestwood, IL

How many homes are available in Crestwood, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3635-2.8%

Summary: The Crestwood real estate market had 35 homes for sale in May 2024, a 2.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 1822
+22.2%
3 105
-50.0%
4 43
-25.0%
5+ 22
0.0%

Summary: The Crestwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 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. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Crestwood in May 2024, down by 27.8% month-over-month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% 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

May 2023May 2024CHANGE
21 Days16 Days-25.3%

Summary: Homes in Crestwood had an average of 16 days on market in May 2024, down by 25.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

2 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 May 2024, 13 homes were sold in Crestwood; 85% of homes were sold within 30 days, 15% 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 19 Days Ago

Newest Listings in Crestwood, IL

Nearby Markets to Crestwood, IL

What housing markets are near Crestwood, IL?