Hey there, folks! It’s your friendly neighborhood REALTOR® team, Nick Kein with The Kombrink Team at One Source Realty, here to give you the scoop on the Crystal Lake, Illinois real estate market for April 2024.
Current Market Dynamics
We’re seeing incredibly low inventory with just .79 Months Supply of Inventory in Crystal Lake. Homes are moving so fast it's like watching a professional sprinter at the Olympics—blink and you might miss it!
Yearly Comparison
There’s been a substantial decrease of 17% in the Months Supply of Inventory over the past year. This tightening of the market is a positive signal for sellers who are considering putting their homes on the market. It’s an excellent time to leverage this demand to secure a favorable sale.
Pricing Trends
The List to Sold Price percentage is an impressive 99.6%. This means that homes are selling for nearly exactly what sellers are asking—almost hitting the mark to the penny. For sellers, it’s like hitting the bullseye on pricing strategy.
Time on Market
For buyers, the message is clear: speed is of the essence. The median days on market is just 7 days. If you find a property that catches your eye, you’ll need to act swiftly to make it yours.
Median Sold Price
And now, the grand finale—the median sold price in Crystal Lake stands at $343,000. This strong number reflects the robust nature of our local market and the substantial value homes are holding here.
Conclusion
So, whether you’re looking to buy your dream home or sell for top dollar, Crystal Lake is buzzing with opportunity. Don’t hesitate to reach out at 630-405-3855. Let’s discuss how we can help you navigate this lively market. Until our next update, happy house hunting, and remember, I'm just a call away for all your real estate needs!
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Interested in more details or need assistance with your real estate journey? Call me today, and let’s make your real estate dreams a reality!
Posted by The Kombrink Team on
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