Real Estate
Home Prices Slowly Inch Up in Crystal Lake, Cary
While home prices appear to be on the rise in Crystal Lake and Cary, several other suburbs throughout the Chicago area continue to see prices hold steady or continue to drop, according to Crain's Chicago Business.
The housing market appears to slowly be rebounding in Crystal Lake and Cary as home prices begin to inch up, according to a Crain's interactive map on area housing prices.
The one-year change in prices for Crystal Lake homes is up 1.1 percent while Cary home prices have increased by .7 percent, according to Crain's. Still, the five year change in prices is at a deficit. In Crystal Lake, the cost of a home is on average 34 percent less today than it was five years ago, according to Crain's interactive map.
The Chicago suburb that saw the biggest increase is Austin — located just west of the city — which saw a 16.6 percent change over the past year in home prices while Palos Park saw the largestdecrease in home prices at -6.2 percent, according to a different Crain's graphic.
Check out Crain's interactive map to see how other area suburbs compare and to learn more about home prices throughout the area.
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