Is Homer Glen, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$478,250
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Homer Glen was $478,250 in March 2024, up 11.6% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $310K | $307.4K | -0.8% |
3 Bedrooms | $392K | $442.5K | +12.9% |
4 Bedrooms | $450K | $510.1K | +13.4% |
5+ Bedrooms | $567.5K | $625K | +10.1% |
Summary: Homer Glen housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
Homer Glen | $428.6K | $478.2K | +11.6% |
Orland Park | $319.8K | $350K | +9.4% |
Homer Township | $385K | $411K | +6.8% |
Lockport | $284.4K | $303.5K | +6.7% |
Lemont | $445K | $462.5K | +3.9% |
Housing Supply in Homer Glen, IL
How many homes are available in Homer Glen, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 63 | +1.6% |
Summary: The Homer Glen real estate market had 63 homes for sale in March 2024, a 1.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 18 | 24 | +33.3% |
4 Bedrooms | 29 | 25 | -13.8% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Homer Glen housing inventory by bedroom type for March 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 33.3%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Homer Glen in March 2024, down by 5.6% month-over-month. Of the 17 sold homes, 53% were sold under asking, 12% were sold at asking, and 35% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 25 Days | -28.6% |
Summary: Homes in Homer Glen had an average of 25 days on market in Mar 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Homer Glen; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.