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 September 2023

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.

Housing Prices in Homer Glen, IL

How much do homes in Homer Glen, IL cost?

Median Sold Price

$474,250

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$24,250(+5.4%)

Key Takeaway

Homes in Homer Glen have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Homer Glen was $474,250 in September 2024, up 5.4% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$635K
N/A
2 $325K$331.2K
+1.9%
3 $411K$433.2K
+5.4%
4 $495K$497.5K
0.5%
5+ $579.9K$605K
+4.3%

Summary: Homer Glen housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Lemont
+14.6%
Orland Park
+7.4%
Lockport
+6.8%
Homer Township
+6.3%
Homer Glen
+5.4%

Housing Supply in Homer Glen, IL

How many homes are available in Homer Glen, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
100116+16.0%

Summary: The Homer Glen real estate market had 116 homes for sale in September 2024, a 16.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 1212
0.0%
3 2632
+23.1%
4 3946
+17.9%
5+ 2325
+8.7%

Summary: The Homer Glen housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2422-8.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Homer Glen, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Homer Glen in September 2024, down by 8.3% month-over-month. Of the 22 sold homes, 64% were sold under asking, 9% were sold at asking, and 27% 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

Sep 2023Sep 2024CHANGE
21 Days16 Days-23.0%

Summary: Homes in Homer Glen had an average of 16 days on market in Sep 2024, down by 23% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During September 2024, 22 homes were sold in Homer Glen; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated Sep 1, 2024

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