Is Hazel Crest, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hazel Crest was a Seller's Market.
Housing Prices in Hazel Crest, IL
How much do homes in Hazel Crest, IL cost?
Median Sold Price
$171,900
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hazel Crest was $171,900 in March 2024, up 10.9% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.2K | $55.7K | +18.0% |
2 Bedrooms | $103.2K | $145K | +40.5% |
3 Bedrooms | $155K | $165K | +6.5% |
4 Bedrooms | $230K | $225K | -2.2% |
5+ Bedrooms | $255.5K | $217K | -15.1% |
Summary: Hazel Crest housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18%, 2 bedroom homes increased by 40.5%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Cities
Hazel Crest | $155K | $171.9K | +10.9% |
Markham | $140K | $155K | +10.7% |
Homewood | $230.1K | $234.9K | +2.1% |
Country Club Hills | $198.5K | $189.9K | -4.3% |
Housing Supply in Hazel Crest, IL
How many homes are available in Hazel Crest, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
58 | 76 | +31.0% |
Summary: The Hazel Crest real estate market had 76 homes for sale in March 2024, a 31.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 35 | 49 | +40.0% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hazel Crest housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Hazel Crest in March 2024, down by 38.5% month-over-month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 53 Days | +19.3% |
Summary: Homes in Hazel Crest had an average of 53 days on market in Mar 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Hazel Crest; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.