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 neutral's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

Hazel Crest is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Hazel Crest, IL cost?

Median Sold Price

$165,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$5,000(+3.1%)

Key Takeaway

Homes in Hazel Crest have sold for 3.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $44.7K$26K
-41.9%
2 $89K$112.5K
+26.4%
3 $158.5K$155K
-2.2%
4 $175.5K$217K
+23.6%
5+ $175K$238K
+36.0%

Median Sold Price Compared To Nearby Cities

Markham
+24.5%
East Hazel Crest
+16.5%
Country Club Hills
+15.0%
Homewood
+12.0%
Hazel Crest
+3.1%

How many homes are available in Hazel Crest, IL?

Number of Homes For Sale

Aug 2022Sep 2022%
9289-3.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 34
+33.3%
2 911
+22.2%
3 6052
-13.3%
4 1518
+20.0%
5+ 54
-20.0%

Number of Homes Sold

Aug 2022Sep 2022%
2314-39.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 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. 50% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
11 Days28 Days+160.4%

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 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.

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

About Hazel Crest, IL

Number of homes for sale in Hazel Crest, IL real estate market have reached 89. The number of homes for sale in Hazel Crest, IL decreased by 3.3% between August 2022 and September 2022. In September 2022, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $165,000. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties went down by 41.9%, prices of 2 bedrooms properties went up by 26.4%, prices of 3 bedrooms properties went down by 2.2%, 4 bedrooms properties prices increased by 23.6%, the cost of 5 bedrooms properties went up by 36%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 33.3% more available, the quantity of 2 bedrooms homes went up by 22.2%, 3 bedrooms homes inventory decreased by 13.3%, number of 4 bedrooms homes increased by 20%, number of 5 bedrooms homes decreased by 20%. Hazel Crest, IL housing market in September 2022 saw over 7 listings sold above listed price, more than 2 sold at listed price and over 5 sold below.

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