Crestwood, IL 60418 Real Estate Market Report

ZIP Code: 60418
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The neighborhood's median sold price is 299,000, which should be treated as the primary indicator of market value and recent transaction activity; the fact that the median sold price exceeds the median listing price of 275,000 supports a hot marketTemperature and suggests sellers are frequently achieving at-or-above asking prices in completed transactions.

2. The median days on market is 280, which points to a slower sales velocity and meaningful pricing friction that may indicate longer decision timelines or conditional negotiation processes despite the hotter market temperature.

3. The median price per square foot is 225 and the median market rent is 1,800, providing a consistent valuation reference for both SFR and condominium comparisons; additionally, rent year-over-year trend is up, which supports sustained rental demand as a backstop for valuations.

4. Risk factors to monitor: price year-over-year trend is down and interest rate pressure is elevated, which together introduce downside sensitivity; combined with a relatively constrained active supply in the analyzed sample, these signals suggest pricing may be vulnerable to broader rate-driven demand shifts even as recent sold prices remain elevated.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Crestwood, IL 60418 Real Estate Market Report

ZIP Code: 60418
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The neighborhood's primary value indicator is the median sold price 166,000, which should be treated as the representative recent sale level when setting seller expectations or making purchase offers.

2. Median days on market 281 signals slower sales velocity and potential pricing friction; sellers may need clearer pricing alignment to accelerate transactions even though the marketTemperature is hot.

3. Price year-over-year trend is down while the median price per square foot 167 and rising rental demand (median market rent 1,900 with rent year-over-year trend up) suggest rental economics provide underlying support—investors should weigh slower sale cadence against improving rent trends.

4. Interest rate pressure elevated combined with a relatively constrained active supply in the analyzed sample suggests buyers may face higher financing costs while sellers should prioritize realistic pricing and clear marketing to convert the slower-moving listings.

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Notable Properties

The following 3 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.