Is Homer Glen, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Homer Glen is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Homer Glen, IL cost?

Median Sold Price

$414,500

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$44,500(+12.0%)

Key Takeaway

Homes in Homer Glen have sold for 12% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $256K$274.9K
+7.4%
3 $340K$382K
+12.3%
4 $410K$440K
+7.3%
5+ $487.5K$514.2K
+5.5%

Median Sold Price Compared To Nearby Cities

Orland Park
+15.6%
Homer Township
+12.1%
Homer Glen
+12.0%
Lockport
+11.0%
Lemont
+6.3%

How many homes are available in Homer Glen, IL?

Number of Homes For Sale

Apr 2022May 2022%
103112+8.7%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 74
-42.9%
3 3538
+8.6%
4 4047
+17.5%
5+ 2123
+9.5%

Number of Homes Sold

Apr 2022May 2022%
2821-25.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Homer Glen, you could pay more than the asking price. 52.4% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
23 Days14 Days-35.4%

Breakdown of Home Sale Times

20 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 Homer Glen are selling fast, if you're buying plan to act quickly.

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

About Homer Glen, IL

Homer Glen, IL has 112 homes for sale to choose from. The inventory of homes for sale in Homer Glen, IL between April 2022 and May 2022 increased by 8.7%. While the average time on the market in May 2022 was 14 days, the median list price was $414,500. Real estate listing prices changed between April 2022 and May 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties became 7.4% more expensive, prices of 3 bedrooms properties increased by 12.3%, the cost of 4 bedrooms properties went up by 7.3%, 5 bedrooms properties prices increased by 5.5%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 42.9%, volume of 3 bedrooms homes went up by 8.6%, the quantity of 4 bedrooms homes went up by 17.5%, 5 bedrooms homes inventory increased by 9.5%. While more than 11 listings in Homer Glen, IL in May 2022 were sold above asking price, there were more than 4 listings sold at asking price, and more than 6 were sold below.

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