Is Steger, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Steger is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

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

+$14,950(+9.7%)

Key Takeaway

Homes in Steger have sold for 9.7% more than they did a year ago.

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

# BEDSJun 2023Jun 2024CHANGE
1 $48.7K-
N/A
2 $112K$125K
+11.6%
3 $152K$169.9K
+11.8%
4 $161.5K$187.5K
+16.1%
5+ $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
+14.0%
Steger
+9.7%
South Chicago Heights
+4.5%
Sauk Village
+3.4%
Crete
+2.0%

Housing Supply in Steger, IL

How many homes are available in Steger, IL?

Number of Homes For Sale

May 2024Jun 2024CHANGE
5348-9.4%

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

# BEDSMay 2024Jun 2024CHANGE
1 22
0.0%
2 87
-12.5%
3 2825
-10.7%
4 99
0.0%
5+ 65
-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 2024Jun 2024CHANGE
1310-23.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Steger, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Jun 2024CHANGE
35 Days56 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 26 Days Ago

Newest Listings in Steger, IL

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