Is Crete Township, 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 Township has remained a Seller's Market.
Housing Prices in Crete Township, IL
How much do homes in Crete Township, IL cost?
Median Sold Price
$226,500
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Crete Township was $226,500 in March 2024, up 7.9% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | - | N/A |
2 Bedrooms | $150K | $168K | +12.0% |
3 Bedrooms | $204.5K | $225K | +10.0% |
4 Bedrooms | $280K | $290K | +3.6% |
5+ Bedrooms | $256.5K | $349.9K | +36.4% |
Summary: Crete Township 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 12%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 36.4%.
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% |
Park Forest | $140K | $140K | 0.0% |
Housing Supply in Crete Township, IL
How many homes are available in Crete Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
88 | 105 | +19.3% |
Summary: The Crete Township real estate market had 105 homes for sale in March 2024, a 19.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 42 | 52 | +23.8% |
4 Bedrooms | 25 | 32 | +28.0% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Crete Township 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 increased by 11.1%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 28%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Crete Township in March 2024, up by 42.9% month-over-month. Of the 20 sold homes, 55% were sold under asking, 20% were sold at asking, and 25% were sold over asking.
Days on Market for Crete Township, IL
How long does it take to sell a home in Crete Township, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 50 Days | +7.7% |
Summary: Homes in Crete Township had an average of 50 days on market in Mar 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Crete Township; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.