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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hillcrest is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Hillcrest, IL

How much do homes in Hillcrest, IL cost?

Median Sold Price

$138,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$500(+0.4%)

Key Takeaway

The sold price of homes in Hillcrest has remained the same since last year.

Summary: The median home sold price in Hillcrest was $138,000 in May 2024, up 0.4% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 --
N/A
3 $149.7K$138K
-7.8%
4 $98K-
N/A
5+ --
N/A

Summary: Hillcrest housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Rochelle
+19.6%
Flagg Township
+12.1%
Hillcrest
0.4%

Housing Supply in Hillcrest, IL

How many homes are available in Hillcrest, IL?

Number of Homes For Sale

Apr 2024May 2024CHANGE
23+50.0%

Summary: The Hillcrest real estate market had 3 homes for sale in May 2024, a 50.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Hillcrest housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hillcrest, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Hillcrest in May 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Hillcrest, IL

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

Average Sale Time

May 2023May 2024CHANGE
4 Days6 Days+50.0%

Summary: Homes in Hillcrest had an average of 6 days on market in May 2024, up by 50% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Hillcrest; 100% of homes were sold within 30 days, 0% 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

Newest Listings in Hillcrest, IL

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