Is Crete, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crete is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Crete, IL

How much do homes in Crete, IL cost?

Median Sold Price

$270,000

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,000(+10.2%)

Key Takeaway

Homes in Crete have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Crete was $270,000 in April 2024, up 10.2% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $110K-
N/A
2 $165K$169K
+2.4%
3 $230K$265K
+15.2%
4 $275K$321.2K
+16.8%
5+ $325K$393K
+20.9%

Summary: Crete housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 20.9%.

Median Sold Price Compared To Nearby Cities

Crete Township
+16.7%
Crete
+10.2%
Steger
+7.7%
Sauk Village
+3.4%
University Park
0.0%

Housing Supply in Crete, IL

How many homes are available in Crete, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6889+30.9%

Summary: The Crete real estate market had 89 homes for sale in April 2024, a 30.9% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 3848
+26.3%
4 2227
+22.7%
5+ 58
+60.0%

Summary: The Crete housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1510-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crete, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Crete in April 2024, down by 33.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.

Days on Market for Crete, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
42 Days15 Days-62.8%

Summary: Homes in Crete had an average of 15 days on market in Apr 2024, down by 62.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 10 homes were sold in Crete; 80% of homes were sold within 30 days, 20% 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 15 Days Ago

Newest Listings in Crete, IL

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