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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crete Township is a buyer's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Crete Township, IL

How much do homes in Crete Township, IL cost?

Median Sold Price

$245,000

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$35,000(+16.7%)

Key Takeaway

Homes in Crete Township have sold for 16.7% more than they did a year ago.

Summary: The median home sold price in Crete Township was $245,000 in April 2024, up 16.7% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $67.5K-
N/A
2 $152.1K$169K
+11.1%
3 $205K$235K
+14.6%
4 $275K$298.4K
+8.5%
5+ $256.5K$349.9K
+36.4%

Summary: Crete Township 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 11.1%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 36.4%.

Median Sold Price Compared To Nearby Cities

Crete Township
+16.7%
Crete
+10.2%
Steger
+7.7%
Sauk Village
+3.4%
Park Forest
0.3%

Housing Supply in Crete Township, IL

How many homes are available in Crete Township, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
102124+21.6%

Summary: The Crete Township real estate market had 124 homes for sale in April 2024, a 21.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 912
+33.3%
3 5869
+19.0%
4 2531
+24.0%
5+ 911
+22.2%

Summary: The Crete Township 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 33.3%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2013-35.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crete Township, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Crete Township in April 2024, down by 35.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.

Days on Market for Crete Township, IL

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

Average Sale Time

Apr 2023Apr 2024CHANGE
43 Days39 Days-9.2%

Summary: Homes in Crete Township had an average of 39 days on market in Apr 2024, down by 9.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 13 homes were sold in Crete Township; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% 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 14 Days Ago

Newest Listings in Crete Township, IL

Nearby Markets to Crete Township, IL

What housing markets are near Crete Township, IL?