Is Crete Township, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crete Township is a seller's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in Crete Township, IL cost?

Median Sold Price

$219,633

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$7,846(+3.7%)

Key Takeaway

Homes in Crete Township have sold for 3.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $75K$79.5K
+6.0%
2 $129.9K$157K
+20.8%
3 $187.5K$214K
+14.1%
4 $257K$285K
+10.9%
5+ $305K$300K
-1.6%

Median Sold Price Compared To Nearby Cities

Sauk Village
+33.7%
Park Forest
+16.9%
Steger
+4.8%
Crete
+4.4%
Crete Township
+3.7%

How many homes are available in Crete Township, IL?

Number of Homes For Sale

Nov 2022Dec 2022%
11194-15.3%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 31
-66.7%
2 1112
+9.1%
3 5143
-15.7%
4 3328
-15.2%
5+ 1310
-23.1%

Number of Homes Sold

Nov 2022Dec 2022%
2430+25.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crete Township, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
38 Days47 Days+23.6%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Crete Township 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 Crete Township, IL

Crete Township, IL has 94 homes on the market. Between November 2022 and December 2022, Crete Township, IL real estate market has seen decrease in the number of listings by 15.3%. Listings spent 47 days on the market in December 2022, and had a median list price of $219,633 during the same period. From November 2022 through December 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 6%, 2 bedrooms properties became 20.8% more expensive, 3 bedrooms properties became 14.1% more expensive, the cost of 4 bedrooms properties went up by 10.9%, 5 bedrooms properties became 1.6% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 66.7% less available, 2 bedrooms homes became 9.1% more available, volume of 3 bedrooms homes went down by 15.7%, volume of 4 bedrooms homes went down by 15.2%, volume of 5 bedrooms homes went down by 23.1%. In December 2022, from all listings sold in Crete Township, IL there were more than 4 sold above asking price, over 21 sold below and more than 5 were sold right at the asked price.

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