Is Crete Township, 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 Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.5K | - | N/A |
2 Bedrooms | $152.1K | $169K | +11.1% |
3 Bedrooms | $205K | $235K | +14.6% |
4 Bedrooms | $275K | $298.4K | +8.5% |
5+ Bedrooms | $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 | $210K | $245K | +16.7% |
Crete | $245K | $270K | +10.2% |
Steger | $152K | $163.7K | +7.7% |
Sauk Village | $145K | $150K | +3.4% |
Park Forest | $140.1K | $140.5K | 0.3% |
Housing Supply in Crete Township, IL
How many homes are available in Crete Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
102 | 124 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 12 | +33.3% |
3 Bedrooms | 58 | 69 | +19.0% |
4 Bedrooms | 25 | 31 | +24.0% |
5+ Bedrooms | 9 | 11 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 13 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 39 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
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.