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 seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Sauk Village has remained a Seller's Market.

Key Takeaway

Sauk Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Sauk Village, IL cost?

Median Sold Price

$135,000

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$37,550(+38.5%)

Key Takeaway

Homes in Sauk Village have sold for 38.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $75.5K$75K
-0.7%
3 $90.8K$130K
+43.2%
4 $118.5K$166K
+40.1%
5+ $185K$175K
-5.4%

Median Sold Price Compared To Nearby Cities

Sauk Village
+38.5%
Lynwood
+20.7%
Steger
+9.7%
Bloom Township
+6.2%

How many homes are available in Sauk Village, IL?

Number of Homes For Sale

Oct 2022Nov 2022%
8384+1.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 68
+33.3%
3 6157
-6.6%
4 1315
+15.4%
5+ 34
+33.3%

Number of Homes Sold

Oct 2022Nov 2022%
1721+23.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were 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.

Average Sale Time

Nov 2021Nov 2022%
14 Days30 Days+102.1%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

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

About Sauk Village, IL

Sauk Village, IL has 84 homes on the market. Between October 2022 and November 2022, Sauk Village, IL real estate market has seen increase in the number of listings by 1.2%. Listings spent 30 days on the market in November 2022, and had a median list price of $135,000 during the same period. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties decreased by 0.7%, prices of 3 bedrooms properties went up by 43.2%, the cost of 4 bedrooms properties went up by 40.1%, the cost of 5 bedrooms properties went down by 5.4%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory increased by 33.3%, number of 3 bedrooms homes decreased by 6.6%, the quantity of 4 bedrooms homes went up by 15.4%, 5 bedrooms homes inventory increased by 33.3%. While more than 5 listings in Sauk Village, IL in November 2022 were sold above asking price, there were more than 7 listings sold at asking price, and more than 9 were sold below.

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