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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Crestwood is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Crestwood has remained a Seller's Market.

Key Takeaway

Crestwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Crestwood, IL

How much do homes in Crestwood, IL cost?

Median Sold Price

$169,900

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,450(+9.3%)

Key Takeaway

Homes in Crestwood have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in Crestwood was $169,900 in May 2024, up 9.3% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $87K$100K
+14.9%
2 $140K$154K
+10.0%
3 $257K$290K
+12.8%
4 $284K$350K
+23.2%
5+ $298K$350K
+17.4%

Summary: Crestwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 23.2%, and 5+ bedroom homes increased by 17.4%.

Median Sold Price Compared To Nearby Cities

Robbins
+17.0%
Crestwood
+9.3%
Alsip
+8.7%
Bremen Township
+4.8%
Midlothian
+3.8%

Housing Supply in Crestwood, IL

How many homes are available in Crestwood, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3635-2.8%

Summary: The Crestwood real estate market had 35 homes for sale in May 2024, a 2.8% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 1822
+22.2%
3 105
-50.0%
4 43
-25.0%
5+ 22
0.0%

Summary: The Crestwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 50%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Crestwood, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Crestwood in May 2024, down by 27.8% month-over-month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.

Days on Market for Crestwood, IL

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

Average Sale Time

May 2023May 2024CHANGE
21 Days16 Days-25.3%

Summary: Homes in Crestwood had an average of 16 days on market in May 2024, down by 25.3% compared to last year.

Breakdown of Home Sale Times

11 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 Crestwood are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 13 homes were sold in Crestwood; 85% of homes were sold within 30 days, 15% 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 1 Day Ago

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