Will County Gazette

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Thursday, December 5, 2019

Steger (Will County) home prices fall in January 2017

Real Estate

By Local Labs News Service | Feb 14, 2017

Realestate5

The median sale price of a home sold in January 2017 in Steger in Will County fell by $19,209 while total sales decreased by 28.6%, according to BlockShopper.com.

In January 2017, there were five homes sold, with a median sale price of $60,791 - a 24% decrease over the $80,000 median sale price for the same period of the previous year. There were seven homes sold in Steger in January 2016.

The median sales tax in Steger for 2017 was $2,948.76. In 2016, the median sales tax was $3,107.10. This marks an decrease of 5.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 4.9%.

The following table compares Steger to other Will County cities with similar median sales prices in January 2017:

City
Jan. 2017 Home Sales
Jan. 2016 Home Sales
% change (Total Home Sales)
Jan. 2017 Median Sales Price
Jan. 2016 Median Sales Price
% change (Median Sales Price)
Preston Heights
4
0
-
$135,000
$0
-
Rockdale
4
1
300%
$113,325
$107,000
5.9%
Crete
20
15
33.3%
$111,000
$119,000
-6.7%
Ingalls Park
4
5
-20%
$107,000
$36,200
195.6%
Park Forest
6
5
20%
$102,025
$40,000
155.1%
University Park
9
10
-10%
$100,100
$102,450
-2.3%
Monee
6
3
100%
$90,647
$162,500
-44.2%
Steger
5
7
-28.6%
$60,791
$80,000
-24%
Lakewood Shores
1
1
0%
$45,500
$54,000
-15.7%
Ridgewood
1
0
-
$23,289
$0
-
Fairmont
2
1
100%
$18,750
$44,000
-57.4%
* This story only considers sales data for the part of Steger that is in Will County.

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