Is Hazel Crest, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hazel Crest has remained a Seller's Market.
Housing Prices in Hazel Crest, IL
How much do homes in Hazel Crest, IL cost?
Median Sold Price
$180,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hazel Crest was $180,000 in May 2024, up 16.1% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.5K | $54K | +13.7% |
2 Bedrooms | $103.2K | $108.5K | +5.1% |
3 Bedrooms | $155K | $170K | +9.7% |
4 Bedrooms | $223.2K | $232K | +3.9% |
5+ Bedrooms | $255.5K | $217K | -15.1% |
Summary: Hazel Crest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.7%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 15.1%.
Median Sold Price Compared To Nearby Cities
East Hazel Crest | $153.5K | $200K | +30.3% |
Markham | $140K | $163K | +16.4% |
Hazel Crest | $155K | $180K | +16.1% |
Country Club Hills | $189.9K | $191.5K | +0.8% |
Homewood | $238.5K | $237.5K | -0.4% |
Housing Supply in Hazel Crest, IL
How many homes are available in Hazel Crest, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 | 84 | +12.0% |
Summary: The Hazel Crest real estate market had 84 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 47 | 51 | +8.5% |
4 Bedrooms | 19 | 25 | +31.6% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Hazel Crest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 18 | +12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Hazel Crest in May 2024, up by 12.5% month-over-month. Of the 18 sold homes, 33% were sold under asking, 28% were sold at asking, and 39% were sold over asking.
Days on Market for Hazel Crest, IL
How long does it take to sell a home in Hazel Crest, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 22 Days | -55.6% |
Summary: Homes in Hazel Crest had an average of 22 days on market in May 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Hazel Crest; 72% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.