Is Steger, 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, Steger has remained a Seller's Market.
Housing Prices in Steger, IL
How much do homes in Steger, IL cost?
Median Sold Price
$165,450
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Steger was $165,450 in May 2024, up 7.8% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.7K | - | N/A |
2 Bedrooms | $112K | $130K | +16.1% |
3 Bedrooms | $152K | $161K | +5.9% |
4 Bedrooms | $161K | $187.5K | +16.5% |
5+ Bedrooms | $196.2K | $162.5K | -17.2% |
Summary: Steger 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 16.1%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes decreased by 17.2%.
Median Sold Price Compared To Nearby Cities
Crete Township | $215K | $242.5K | +12.8% |
Steger | $153.5K | $165.4K | +7.8% |
South Chicago Heights | $165K | $172K | +4.2% |
Sauk Village | $145K | $150K | +3.4% |
Crete | $259.9K | $265K | +2.0% |
Housing Supply in Steger, IL
How many homes are available in Steger, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 52 | +23.8% |
Summary: The Steger real estate market had 52 homes for sale in May 2024, a 23.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 17 | 26 | +52.9% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Steger housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 52.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Steger in May 2024, up by 140.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% were sold over asking.
Days on Market for Steger, IL
How long does it take to sell a home in Steger, IL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 51 Days | +67.6% |
Summary: Homes in Steger had an average of 51 days on market in May 2024, up by 67.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Steger; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.