Is Steger, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$169,450
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Steger was $169,450 in June 2024, up 9.7% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.7K | - | N/A |
2 Bedrooms | $112K | $125K | +11.6% |
3 Bedrooms | $152K | $169.9K | +11.8% |
4 Bedrooms | $161.5K | $187.5K | +16.1% |
5+ Bedrooms | $196.2K | $170K | -13.4% |
Summary: Steger housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
Crete Township | $215K | $245K | +14.0% |
Steger | $154.5K | $169.4K | +9.7% |
South Chicago Heights | $165K | $172.5K | +4.5% |
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
May 2024 | Jun 2024 | CHANGE |
---|---|---|
53 | 48 | -9.4% |
Summary: The Steger real estate market had 48 homes for sale in June 2024, a 9.4% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 28 | 25 | -10.7% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Steger housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Steger in June 2024, down by 23.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
35 Days | 56 Days | +61.6% |
Summary: Homes in Steger had an average of 56 days on market in Jun 2024, up by 61.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 10 homes were sold in Steger; 90% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.