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Featured local agent — Crete, IL
Sarah Mitchell
Compass Real Estate · Crete, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Crete, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$303,000median sale price
How is the Crete, IL housing market right now?
The median home sale price in Crete, IL is $303,000, down 5.3% year-over-year. Homes sell in an average of 72 days with 47 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Crete a buyer's or seller's market?
Crete, IL is currently a balanced market, based on 2.9 months of supply and homes selling in about 72 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
72
Average pace
Active listings
47
2.9 months supply
Sale-to-list
99.9%
Below asking
What does the Crete housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $303,000 |
| Median list price | $317,400 |
| Year-over-year price change | -5.3% |
| Average days on market | 72 days |
| Active inventory | 47 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $142/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 14 |
| Listings with a price cut | 19.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Crete by property type?
How the Crete, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $303,000 | $142/sq ft | 16 | 72 days |
| Condo / Co-op | $147,000 | $119/sq ft | 2 | 73 days |
| Townhouse | $309,000 | $161/sq ft | 1 | 72 days |
Source: Redfin · Updated monthly
The Crete housing market is currently classified as a balanced market with a median sale price of $303,000. Prices have fallen 5.3% compared to last year, with homes spending an average of 72 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.1x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Crete
There are currently 47 homes listed for sale in Crete, Illinois. The median listing price is $317K.
Active listings
47
Homes on market
Median list price
$317K
Avg. days on market
72
Days until sale
New this week
14
Newly listed
Who lives in Crete?
Population
8,382
Median income
$97,984/yr
Median age
49.4 years
Owner-occupied
89.8%
College grads
33.7%
Avg commute
37.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Crete?
Zillow home value
$299,583
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Crete?
Crete is a community of approximately 8K residents with a median age of 49.4 years.The median household income is $97,984, which reflects a relatively affluent area with strong earning potential. 33.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 89.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 37.4 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Crete offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Crete?
4 schools tracked · 2,567 students
The largest public schools serving Crete, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Crete-Monee High School
Grades 9-12 · 1,503 students
Balmoral Elem Sch
Grades K-5 · 462 students
Crete Elementary School
Grades K-5 · 389 students
Crete-Monee Early Childhood Cntr
Grades PK · 213 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Crete, IL?
Want a head-to-head view? Compare Crete side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Crete?
The median home sale price in Crete is $303,000, down 5.3% from last year.
How long do homes stay on market in Crete?
Homes typically spend 72 days on market before going under contract.
What is the median income in Crete?
The median household income is $97,984 per year.
Is Crete a buyer's or seller's market?
With 2.9 months of supply, Crete is currently a balanced market.
What is the Zillow home value estimate for Crete?
The Zillow Home Value Index (ZHVI) for Crete is $299,583, representing the typical home value in the area.
What is the median condo price in Crete?
The median condo/co-op sale price in Crete, IL is $147,000, compared to $303,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Crete?
The median single-family home price in Crete, IL is $303,000 (about $142 per square foot).
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