Is Steger, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Steger was a Seller's Market.
Housing Prices in Steger, IL
How much do homes in Steger, IL cost?
Median Sold Price
$161,000
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Steger was $161,000 in March 2024, up 3.9% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.7K | - | N/A |
2 Bedrooms | $122K | $111.5K | -8.6% |
3 Bedrooms | $152K | $155K | +2.0% |
4 Bedrooms | $161.5K | $182K | +12.7% |
5+ Bedrooms | $230K | $166.2K | -27.7% |
Summary: Steger 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 decreased by 8.6%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 27.7%.
Median Sold Price Compared To Nearby Cities
Crete Township | $210K | $226.5K | +7.9% |
Crete | $247.5K | $260K | +5.1% |
Steger | $154.9K | $161K | +3.9% |
Sauk Village | $145K | $145.4K | 0.3% |
South Chicago Heights | $165K | $160.5K | -2.7% |
Housing Supply in Steger, IL
How many homes are available in Steger, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 43 | +43.3% |
Summary: The Steger real estate market had 43 homes for sale in March 2024, a 43.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 12 | 17 | +41.7% |
4 Bedrooms | 2 | 7 | +250.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Steger 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 increased by 9.1%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 250%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Steger in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 106 Days | +96.5% |
Summary: Homes in Steger had an average of 106 days on market in Mar 2024, up by 96.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Steger; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.