Is Crystal Lake, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Crystal Lake has remained a Seller's Market.
Housing Prices in Crystal Lake, IL
How much do homes in Crystal Lake, IL cost?
Median Sold Price
$340,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Crystal Lake was $340,000 in February 2024, up 21.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $109.9K | $112K | +1.9% |
2 Bedrooms | $202.5K | $236K | +16.5% |
3 Bedrooms | $265K | $310K | +17.0% |
4 Bedrooms | $365K | $423.3K | +16.0% |
5+ Bedrooms | $420K | $525K | +25.0% |
Summary: Crystal Lake housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Crystal Lake | $280.3K | $340K | +21.3% |
Lakewood | $468.5K | $532.5K | +13.7% |
Algonquin Township | $297.7K | $319.5K | +7.3% |
Lake in the Hills | $300K | $320.5K | +6.8% |
Nunda Township | $306.5K | $324.3K | +5.8% |
Housing Supply in Crystal Lake, IL
How many homes are available in Crystal Lake, IL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
116 | 148 | +27.6% |
Summary: The Crystal Lake real estate market had 148 homes for sale in February 2024, a 27.6% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 22 | 22 | 0.0% |
3 Bedrooms | 43 | 60 | +39.5% |
4 Bedrooms | 46 | 57 | +23.9% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Crystal Lake housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 39.5%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
31 | 31 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Crystal Lake in February 2024, the same as the previous month. Of the 31 sold homes, 29% were sold under asking, 26% were sold at asking, and 45% were sold over asking.
Days on Market for Crystal Lake, IL
How long does it take to sell a home in Crystal Lake, IL?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
35 Days | 35 Days | -1.3% |
Summary: Homes in Crystal Lake had an average of 35 days on market in Feb 2024, down by 1.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 31 homes were sold in Crystal Lake; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.