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 neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Homer Glen was a Seller's Market.

Key Takeaway

Homer Glen is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Homer Glen, IL

How much do homes in Homer Glen, IL cost?

Median Sold Price

$470,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$44,000(+10.3%)

Key Takeaway

Homes in Homer Glen have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Homer Glen was $470,000 in April 2024, up 10.3% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $300K$307.4K
+2.5%
3 $390K$439.5K
+12.7%
4 $445.9K$510.1K
+14.4%
5+ $578.4K$636.5K
+10.0%

Summary: Homer Glen housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 10%.

Median Sold Price Compared To Nearby Cities

Homer Glen
+10.3%
Orland Park
+9.4%
Lockport
+8.8%
Lemont
+7.8%
Homer Township
+7.5%

Housing Supply in Homer Glen, IL

How many homes are available in Homer Glen, IL?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6381+28.6%

Summary: The Homer Glen real estate market had 81 homes for sale in April 2024, a 28.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 25
+150.0%
3 2531
+24.0%
4 2427
+12.5%
5+ 1218
+50.0%

Summary: The Homer Glen housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 24%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1812-33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 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. 41.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Homer Glen in April 2024, down by 33.3% month-over-month. Of the 12 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% 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

Apr 2023Apr 2024CHANGE
15 Days10 Days-29.3%

Summary: Homes in Homer Glen had an average of 10 days on market in Apr 2024, down by 29.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was 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 April 2024, 12 homes were sold in Homer Glen; 92% of homes were sold within 30 days, 8% 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 10 Days Ago

Newest Listings in Homer Glen, IL

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