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 March 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

$171,900

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$16,900(+10.9%)

Key Takeaway

Homes in Hazel Crest have sold for 10.9% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $47.2K$55.7K
+18.0%
2 $103.2K$145K
+40.5%
3 $155K$165K
+6.5%
4 $230K$225K
-2.2%
5+ $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
+10.9%
Markham
+10.7%
Homewood
+2.1%
Country Club Hills
-4.3%

Housing Supply in Hazel Crest, IL

How many homes are available in Hazel Crest, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5876+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

# BEDSFeb 2024Mar 2024CHANGE
1 24
+100.0%
2 65
-16.7%
3 3549
+40.0%
4 1416
+14.3%
5+ 12
+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 2024Mar 2024CHANGE
138-38.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

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.

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 2023Mar 2024CHANGE
44 Days53 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

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 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.

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

Report Updated 24 Days Ago

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