Will County Gazette

Will County Gazette

Tuesday, April 7, 2020

Steger (Will County) home prices rise in the third quarter of 2017

Real Estate

By Local Labs News Service | Oct 14, 2017

Re 13

The median sale price of a home sold in the third quarter of 2017 in Steger in Will County rose by $70,250 while total sales decreased by 11.8%, according to BlockShopper.com.

From July through September of 2017, there were 15 homes sold, with a median sale price of $110,000 - a 176.7% increase over the $39,750 median sale price for the same period of the previous year. There were 17 homes sold in Steger in the third quarter of 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 2.7%.

The following table compares Steger to other Will County cities with similar median sales prices in the third quarter of 2017:

City
July - Sept. 2017 Home Sales
July - Sept. 2016 Home Sales
% change (Total Home Sales)
July - Sept. 2017 Median Sales Price
July - Sept. 2016 Median Sales Price
% change (Median Sales Price)
Fairmont
5
6
-16.7%
$145,000
$112,000
29.5%
Lily Cache
2
2
0%
$144,000
$163,250
-11.8%
Coynes
4
1
300%
$133,250
$106,889
24.7%
Braidwood
34
31
9.7%
$120,500
$125,000
-3.6%
University Park
13
28
-53.6%
$120,000
$72,250
66.1%
Steger
15
17
-11.8%
$110,000
$39,750
176.7%
Park Forest
13
10
30%
$86,000
$45,250
90.1%
Rockdale
3
0
-
$85,000
$0
-
Ingalls Park
19
14
35.7%
$85,000
$92,500
-8.1%
Ridgewood
2
1
100%
$73,500
$98,000
-25%
Custer Park
2
3
-33.3%
$22,667.76
$164,000
-86.2%
* This story only considers sales data for the part of Steger that is in Will County.

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