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 2020

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

$210,893

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$40,893(+24.1%)

Key Takeaway

Homes in Crete Township have sold for 24.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $53.7K$75K
+39.5%
2 $123.4K$129.9K
+5.3%
3 $158.7K$185K
+16.6%
4 $232.5K$257K
+10.5%
5+ $273.4K$305K
+11.5%

Median Sold Price Compared To Nearby Cities

Sauk Village
+54.8%
Park Forest
+54.3%
Crete Township
+24.1%
Steger
+22.9%
Crete
+21.0%

How many homes are available in Crete Township, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
163153-6.1%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 01
+100.0%
2 1112
+9.1%
3 8483
-1.2%
4 4439
-11.4%
5+ 2418
-25.0%

Number of Homes Sold

Nov 2021Dec 2021%
3137+19.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crete Township, you could pay more than the asking price. 45.9% of homes here sold above asking price last month.

Average Sale Time

Dec 2020Dec 2021%
47 Days37 Days-20.8%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 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.

About Crete Township, IL

Crete Township, IL has 153 homes on the market. Between November 2021 and December 2021, Crete Township, IL real estate market has seen decrease in the number of listings by 6.1%. While the average time on the market in December 2021 was 37 days, the median list price was $210,893. From November 2021 through December 2021, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 39.5%, 2 bedrooms properties became 5.3% more expensive, prices of 3 bedrooms properties increased by 16.6%, 4 bedrooms properties became 10.5% more expensive, prices of 5 bedrooms properties increased by 11.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 100% more available, 2 bedrooms homes became 9.1% more available, the quantity of 3 bedrooms homes went down by 1.2%, number of 4 bedrooms homes decreased by 11.4%, number of 5 bedrooms homes decreased by 25%. While more than 17 listings in Crete Township, IL in December 2021 were sold above asking price, there were more than 8 listings sold at asking price, and more than 12 were sold below.

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