Is Crete, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Crete has remained a Seller's Market.
Housing Prices in Crete, IL
How much do homes in Crete, IL cost?
Median Sold Price
$260,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Crete was $260,000 in March 2024, up 5.1% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | - | N/A |
2 Bedrooms | $168.7K | $169K | 0.1% |
3 Bedrooms | $230K | $260K | +13.0% |
4 Bedrooms | $291K | $299.9K | +3.1% |
5+ Bedrooms | $325K | $385.9K | +18.8% |
Summary: Crete housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Cities
Crete Township | $210K | $226.5K | +7.9% |
Crete | $247.5K | $260K | +5.1% |
Steger | $154.9K | $161K | +3.9% |
Sauk Village | $145K | $145.4K | 0.3% |
University Park | $176.5K | $175K | -0.8% |
Housing Supply in Crete, IL
How many homes are available in Crete, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 69 | +16.9% |
Summary: The Crete real estate market had 69 homes for sale in March 2024, a 16.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Crete housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 15 | +66.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Crete in March 2024, up by 66.7% month-over-month. Of the 15 sold homes, 53% were sold under asking, 20% were sold at asking, and 27% were sold over asking.
Days on Market for Crete, IL
How long does it take to sell a home in Crete, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 33 Days | -33.3% |
Summary: Homes in Crete had an average of 33 days on market in Mar 2024, down by 33.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in Crete; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.