Crestwood Housing Update: Prices Ease as Spring Listings Trickle In
Crestwood, IL – March 9, 2026 – Home prices edged lower year over year while listings remain limited, with median sale prices near $163K and steady buyer activity.
Home prices in Crestwood, IL are showing modest year-over-year declines, even as buyer activity continues heading into spring.
Top takeaways
- Median sale price was $163,000 in January 2026, down 4.1% from a year earlier.
- Average home value sits near $188,000, down 6.6% year over year.
- About 14 homes are actively listed, with condos and split-level homes common.
Market snapshot
According to Redfin, the median sale price in January 2026 was $163,000, reflecting a 4.1% decline from the prior year. Zillow’s home value index places the average home value around $188,000, down 6.6% over the past year. Together, the data suggests prices have softened but remain relatively stable compared with pre-2020 levels.
Inventory remains tight. Zillow currently shows roughly 14 active listings, a mix of two-bedroom condos priced from the mid-$100Ks and larger single-family homes approaching $400K. Realtor.com reports a median listing price just above $200,000, indicating sellers are still aiming higher than recent closed-sale medians.
What’s for sale
Recent listings highlight the range of options:
- Two-bedroom condos around $160K to $180K with HOA amenities.
- Three-bedroom single-family homes in the mid-$200Ks to high-$300Ks.
Recently sold activity on Redfin shows continued turnover, with dozens of closings over the past several months, signaling steady—if not overheated—demand.
Outlook
With mortgage rates nationally hovering in the mid-6% range in early 2026, affordability remains a key factor for local buyers. If additional listings come online this spring, price pressure could remain contained. For now, limited supply continues to shape negotiations, especially for updated homes priced below $300K.
Are you seeing more listings or more competition this spring? Share what you’re noticing in the neighborhood.
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