Home Values

Crystal Lake Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$172,400

  • 4.7% 1-year change
  • 1.7% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Crystal Lake is $172,400. Crystal Lake home values have gone up 4.7% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in Crystal Lake is $104, which is lower than the Chicago Metro average of $131. The median price of homes currently listed in Crystal Lake is $200,000 while the median price of homes that sold is $170,300.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Crystal Lake is 6.4%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Crystal Lake homeowners underwater on their mortgage is 24.1%, which is lower than Chicago Metro at 25.3%.

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Relative ZHVI
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Crystal Lake Market Overview

Data through Nov 30, 2014
  • $172,400 ZHVI
  • 1.7% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $200,000 Median listing price
  • $170,300 Median sale price
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Crystal Lake Market Health

Data through Nov 30, 2014
  • 2.0/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 24.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.4% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
Prairie Grove $346,900
Village of Lakewood $339,600
Algonquin $222,300
Name Median ZHVI
Fox River Grove $218,700
Cary $208,000
Oakwood Hills $193,600
Name Median ZHVI
Lake in the Hills $187,800
McHenry $148,500
Carpentersville $126,300

Listings & Sales

Data through Nov 30, 2014
  • $104 Median list price / sq ft
  • $103 Median sale price / sq ft
  • No data Listings with price cut
42.2%
Sold below listing
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Crystal Lake Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,608 Crystal Lake
    $1,636 Chicago Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.08 Rent list price / sq ft
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