Is Hazel Crest, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hazel Crest is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Hazel Crest has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Hazel Crest, IL

How much do homes in Hazel Crest, IL cost?

Median Sold Price

$180,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,000(+16.1%)

Key Takeaway

Homes in Hazel Crest have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Hazel Crest was $180,000 in May 2024, up 16.1% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $47.5K$54K
+13.7%
2 $103.2K$108.5K
+5.1%
3 $155K$170K
+9.7%
4 $223.2K$232K
+3.9%
5+ $255.5K$217K
-15.1%

Summary: Hazel Crest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 15.1%.

Median Sold Price Compared To Nearby Cities

East Hazel Crest
+30.3%
Markham
+16.4%
Hazel Crest
+16.1%
Country Club Hills
+0.8%
Homewood
-0.4%

Housing Supply in Hazel Crest, IL

How many homes are available in Hazel Crest, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7584+12.0%

Summary: The Hazel Crest real estate market had 84 homes for sale in May 2024, a 12.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
-33.3%
2 43
-25.0%
3 4751
+8.5%
4 1925
+31.6%
5+ 23
+50.0%

Summary: The Hazel Crest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1618+12.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hazel Crest, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Hazel Crest in May 2024, up by 12.5% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.

Days on Market for Hazel Crest, IL

How long does it take to sell a home in Hazel Crest, IL?

Average Sale Time

May 2023May 2024CHANGE
51 Days22 Days-55.6%

Summary: Homes in Hazel Crest had an average of 22 days on market in May 2024, down by 55.6% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 18 homes were sold in Hazel Crest; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Hazel Crest, IL

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