Is Sauk Village, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sauk Village has remained a Seller's Market.
Housing Prices in Sauk Village, IL
How much do homes in Sauk Village, IL cost?
Median Sold Price
$150,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sauk Village was $150,000 in May 2024, up 3.4% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $15K | - | N/A |
2 Bedrooms | $87K | $131.5K | +51.1% |
3 Bedrooms | $144.5K | $143.4K | -0.8% |
4 Bedrooms | $160K | $178.5K | +11.6% |
5+ Bedrooms | $222K | $229.9K | +3.6% |
Summary: Sauk Village housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.1%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Lynwood | $264.9K | $292.5K | +10.4% |
Steger | $153.5K | $165.4K | +7.8% |
Bloom Township | $188.4K | $195.8K | +3.9% |
Sauk Village | $145K | $150K | +3.4% |
Housing Supply in Sauk Village, IL
How many homes are available in Sauk Village, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 48 | -4.0% |
Summary: The Sauk Village real estate market had 48 homes for sale in May 2024, a 4.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 38 | 33 | -13.2% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Sauk Village housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 14 | -22.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Sauk Village in May 2024, down by 22.2% month-over-month. Of the 14 sold homes, 21% were sold under asking, 14% were sold at asking, and 64% were sold over asking.
Days on Market for Sauk Village, IL
How long does it take to sell a home in Sauk Village, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 44 Days | -1.5% |
Summary: Homes in Sauk Village had an average of 44 days on market in May 2024, down by 1.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Sauk Village; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.