Is Homer Glen, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Homer Glen was a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $307.4K | +2.5% |
3 Bedrooms | $390K | $439.5K | +12.7% |
4 Bedrooms | $445.9K | $510.1K | +14.4% |
5+ Bedrooms | $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 | $426K | $470K | +10.3% |
Orland Park | $320K | $349.9K | +9.4% |
Lockport | $285K | $310K | +8.8% |
Lemont | $445K | $479.9K | +7.8% |
Homer Township | $385K | $414K | +7.5% |
Housing Supply in Homer Glen, IL
How many homes are available in Homer Glen, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 81 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 5 | +150.0% |
3 Bedrooms | 25 | 31 | +24.0% |
4 Bedrooms | 24 | 27 | +12.5% |
5+ Bedrooms | 12 | 18 | +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 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 12 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
15 Days | 10 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
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.