Is Crystal Lake, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crystal Lake is a seller's market

Buyer's
Market

Difference Since December 2020

Since last year, Crystal Lake has remained a Seller's Market.

Key Takeaway

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

How much do homes in Crystal Lake, IL cost?

Median Sold Price

$271,825

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2020

+$38,600(+16.6%)

Key Takeaway

Homes in Crystal Lake have sold for 16.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2020Dec 2021%
1 $96K$91.5K
-4.7%
2 $161.3K$185K
+14.7%
3 $218.5K$250K
+14.4%
4 $285K$333.3K
+17.0%
5+ $319.7K$384.9K
+20.4%

Median Sold Price Compared To Nearby Cities

Lakewood
+20.5%
Crystal Lake
+16.6%
Algonquin Township
+13.4%
Nunda Township
+12.5%
Lake in the Hills
+7.5%

How many homes are available in Crystal Lake, IL?

Number of Homes For Sale

Nov 2021Dec 2021%
194161-17.0%

Homes For Sale By Bedroom Count

# BEDSNov 2021Dec 2021%
1 44
0.0%
2 4034
-15.0%
3 7059
-15.7%
4 6649
-25.8%
5+ 1415
+7.1%

Number of Homes Sold

Nov 2021Dec 2021%
6368+7.9%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crystal Lake, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.

Average Sale Time

Dec 2020Dec 2021%
32 Days25 Days-19.6%

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Crystal Lake are selling fast, if you're buying plan to act quickly.

About Crystal Lake, IL

Crystal Lake, IL has 161 homes on the market. Between November 2021 and December 2021, Crystal Lake, IL real estate market has seen decrease in the number of listings by 17%. In December 2021, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $271,825. Between November 2021 and December 2021, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties decreased by 4.7%, 2 bedrooms properties became 14.7% more expensive, prices of 3 bedrooms properties went up by 14.4%, the cost of 4 bedrooms properties went up by 17%, prices of 5 bedrooms properties increased by 20.4%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, 2 bedrooms homes became 15% less available, the quantity of 3 bedrooms homes went down by 15.7%, 4 bedrooms homes became 25.8% less available, the quantity of 5 bedrooms homes went up by 7.1%. In December 2021 more than 24 listings in Crystal Lake, IL were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 29 were sold below.

Related Housing Market Reports