Is Sauk Village, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sauk Village is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Sauk Village was a Seller's Market.

Key Takeaway

Sauk Village is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sauk Village, IL

How much do homes in Sauk Village, IL cost?

Median Sold Price

$145,450

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$450(+0.3%)

Key Takeaway

The sold price of homes in Sauk Village has remained the same since last year.

Summary: The median home sold price in Sauk Village was $145,450 in March 2024, up 0.3% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$15K
N/A
2 $99K$134K
+35.4%
3 $138K$141K
+2.2%
4 $170K$160K
-5.9%
5+ $215K$234.9K
+9.3%

Summary: Sauk Village housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Cities

Lynwood
+15.0%
Bloom Township
+5.4%
Steger
+3.9%
Sauk Village
0.3%

Housing Supply in Sauk Village, IL

How many homes are available in Sauk Village, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5753-7.0%

Summary: The Sauk Village real estate market had 53 homes for sale in March 2024, a 7.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 4542
-6.7%
4 89
+12.5%
5+ 10
-100.0%

Summary: The Sauk Village housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
197-63.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sauk Village, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Sauk Village in March 2024, down by 63.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% 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

Mar 2023Mar 2024CHANGE
54 Days28 Days-48.1%

Summary: Homes in Sauk Village had an average of 28 days on market in Mar 2024, down by 48.1% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sauk Village are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 7 homes were sold in Sauk Village; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Sauk Village, IL

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