Foreclosure Homes in Crest Hill, IL

Current Market Conditions in Crest Hill, IL

Crest Hill's real estate market is currently considered to be stable, with modest growth observed in both home prices and demand. The area continues to attract buyers, particularly those seeking the balance of suburban living with proximity to Chicago. Homebuyers are drawn to the affordability relative to nearby urban areas, contributing to increased interest in the market.

As of late 2023, Crest Hill has seen a steady increase in competitive offers due to a limited inventory of homes on the market. The demand for homes has been encouraging to sellers, resulting in homes typically selling within a reasonable timeframe. New developments in the area, coupled with ongoing improvements in local amenities, are also stimulating interest.

Rent Prices In Crest Hill, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Crest Hill, IL, is on a rollercoaster ride. The average rent price in Crest Hill, IL, is $1,504.00. Indeed, when looking to rent in Crest Hill, IL, you can expect to pay as little as $670.00 or as much as $2,620.00, with the average rent median estimated to be $1,500.00. The good news is that finding an affordable and desirable property to rent in Crest Hill, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.