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 buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Hazel Crest was a Seller's Market.

Key Takeaway

Hazel Crest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hazel Crest, IL

How much do homes in Hazel Crest, IL cost?

Median Sold Price

$180,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since June 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 June 2024, up 16.1% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $50.2K$55.7K
+10.9%
2 $110K$89K
-19.1%
3 $154.9K$177.5K
+14.6%
4 $225K$232K
+3.1%
5+ $255.5K$120K
-53.0%

Summary: Hazel Crest housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes decreased by 19.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 53%.

Median Sold Price Compared To Nearby Cities

Markham
+20.1%
Hazel Crest
+16.1%
Country Club Hills
+5.1%
Homewood
+4.2%

Housing Supply in Hazel Crest, IL

How many homes are available in Hazel Crest, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
7382+12.3%

Summary: The Hazel Crest real estate market had 82 homes for sale in June 2024, a 12.3% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 22
0.0%
2 35
+66.7%
3 4646
0.0%
4 2026
+30.0%
5+ 23
+50.0%

Summary: The Hazel Crest housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

May 2024Jun 2024CHANGE
197-63.2%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hazel Crest, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Hazel Crest in June 2024, down by 63.2% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% 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

Jun 2023Jun 2024CHANGE
33 Days59 Days+79.6%

Summary: Homes in Hazel Crest had an average of 59 days on market in Jun 2024, up by 79.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 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 June 2024, 7 homes were sold in Hazel Crest; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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 26 Days Ago

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