Is Crete, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Crete was a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $110K | - | N/A |
2 Bedrooms | $165K | $169K | +2.4% |
3 Bedrooms | $230K | $265K | +15.2% |
4 Bedrooms | $275K | $321.2K | +16.8% |
5+ Bedrooms | $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 | $210K | $245K | +16.7% |
Crete | $245K | $270K | +10.2% |
Steger | $152K | $163.7K | +7.7% |
Sauk Village | $145K | $150K | +3.4% |
University Park | $175K | $175K | 0.0% |
Housing Supply in Crete, IL
How many homes are available in Crete, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 89 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 38 | 48 | +26.3% |
4 Bedrooms | 22 | 27 | +22.7% |
5+ Bedrooms | 5 | 8 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 10 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 15 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
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.