Is Homer Glen, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Homer Glen has remained a Seller's Market.
Housing Prices in Homer Glen, IL
How much do homes in Homer Glen, IL cost?
Median Sold Price
$470,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Homer Glen was $470,000 in June 2024, up 8% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $635K | N/A |
2 Bedrooms | $310K | $325.9K | +5.1% |
3 Bedrooms | $402.5K | $431K | +7.1% |
4 Bedrooms | $465K | $507.5K | +9.1% |
5+ Bedrooms | $574.9K | $658K | +14.5% |
Summary: Homer Glen 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 5.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
Orland Park | $320K | $350K | +9.4% |
Homer Glen | $435K | $470K | +8.0% |
Lemont | $460K | $496.2K | +7.9% |
Lockport | $287.4K | $309.8K | +7.8% |
Homer Township | $391K | $416K | +6.4% |
Housing Supply in Homer Glen, IL
How many homes are available in Homer Glen, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
94 | 109 | +16.0% |
Summary: The Homer Glen real estate market had 109 homes for sale in June 2024, a 16.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 30 | 32 | +6.7% |
4 Bedrooms | 36 | 45 | +25.0% |
5+ Bedrooms | 20 | 22 | +10.0% |
Summary: The Homer Glen housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
27 | 22 | -18.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Homer Glen in June 2024, down by 18.5% month-over-month. Of the 22 sold homes, 45% were sold under asking, 14% were sold at asking, and 41% were sold over asking.
Days on Market for Homer Glen, IL
How long does it take to sell a home in Homer Glen, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
21 Days | 12 Days | -42.0% |
Summary: Homes in Homer Glen had an average of 12 days on market in Jun 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 22 homes were sold in Homer Glen; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.