Is Steger, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$163,750
$124/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Steger was $163,750 in April 2024, up 7.7% from last year, and the median price per square foot was $124.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.7K | - | N/A |
2 Bedrooms | $110K | $118.5K | +7.7% |
3 Bedrooms | $152K | $158.8K | +4.5% |
4 Bedrooms | $161.5K | $186.2K | +15.3% |
5+ Bedrooms | $197.5K | $166.2K | -15.8% |
Summary: Steger housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 15.8%.
Median Sold Price Compared To Nearby Cities
Crete Township | $210K | $245K | +16.7% |
Crete | $245K | $270K | +10.2% |
Steger | $152K | $163.7K | +7.7% |
Sauk Village | $145K | $150K | +3.4% |
South Chicago Heights | $165K | $149.9K | -9.2% |
Housing Supply in Steger, IL
How many homes are available in Steger, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 40 | +8.1% |
Summary: The Steger real estate market had 40 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 17 | 19 | +11.8% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Steger housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Steger in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 106 Days | +112.9% |
Summary: Homes in Steger had an average of 106 days on market in Apr 2024, up by 112.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Steger; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.