Crestwood, IL 60418 Real Estate Market Report

ZIP Code: 60418
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Crestwood, IL is characterized by a median sold price of $289,900, reflecting a robust demand despite the prevailing economic conditions. The neighborhood has increased up since 2023, indicating a positive trend in market value. The median listing price stands at $275,000, suggesting a pricing gap that may create friction between seller expectations and buyer willingness.

Transaction activity appears to be moderate, with median days on market recorded at 274 days, indicating a slower sales velocity. This extended time frame may suggest that while the market remains active, buyers are exercising caution, possibly due to elevated interest rate pressure. Overall, the market remains hot, driven by strong rental demand and appreciating home prices, even amidst some local economic headwinds.

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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 median sold price of $289,900 indicates a strong market performance, reflecting buyer confidence in Crestwood.

2. With a median listing price of $275,000, there is a noticeable pricing gap that could lead to pricing friction between sellers and buyers.

3. The median days on market of 274 days suggests a slower sales velocity, indicating that properties may take longer to sell in the current market environment.

4. The market temperature remains hot, driven by strong demand and upward trends in both home prices and rental rates.

5. Elevated interest rate pressure may be contributing to caution among buyers, impacting overall liquidity in the market.

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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.