Is Homer Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Homer Township has remained a Seller's Market.
Housing Prices in Homer Township, IL
How much do homes in Homer Township, IL cost?
Median Sold Price
$414,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Homer Township was $414,000 in April 2024, up 7.5% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $262.5K | $271K | +3.2% |
3 Bedrooms | $345K | $355K | +2.9% |
4 Bedrooms | $455K | $512.3K | +12.6% |
5+ Bedrooms | $540K | $607.5K | +12.5% |
Summary: Homer Township 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 3.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
Homer Glen | $426K | $470K | +10.3% |
Lockport | $285K | $310K | +8.8% |
Lemont | $445K | $479.9K | +7.8% |
Homer Township | $385K | $414K | +7.5% |
Lemont Township | $468.7K | $479.9K | +2.4% |
Housing Supply in Homer Township, IL
How many homes are available in Homer Township, IL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 132 | +34.7% |
Summary: The Homer Township real estate market had 132 homes for sale in April 2024, a 34.7% 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 | 11 | 16 | +45.5% |
3 Bedrooms | 36 | 47 | +30.6% |
4 Bedrooms | 30 | 42 | +40.0% |
5+ Bedrooms | 21 | 27 | +28.6% |
Summary: The Homer Township 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 45.5%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 29 | +7.4% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Homer Township in April 2024, up by 7.4% month-over-month. Of the 29 sold homes, 38% were sold under asking, 17% were sold at asking, and 45% were sold over asking.
Days on Market for Homer Township, IL
How long does it take to sell a home in Homer Township, IL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 12 Days | -47.0% |
Summary: Homes in Homer Township had an average of 12 days on market in Apr 2024, down by 47% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Homer Township; 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.