Is Homer Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$416,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Homer Township was $416,000 in June 2024, up 6.4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $635K | N/A |
2 Bedrooms | $265K | $276K | +4.2% |
3 Bedrooms | $350K | $354K | +1.1% |
4 Bedrooms | $462.5K | $514.5K | +11.2% |
5+ Bedrooms | $572.4K | $625K | +9.2% |
Summary: Homer Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 11.2%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
Homer Glen | $435K | $470K | +8.0% |
Lemont | $460K | $496.2K | +7.9% |
Lockport | $287.4K | $309.8K | +7.8% |
Homer Township | $391K | $416K | +6.4% |
Lemont Township | $479.9K | $496.2K | +3.4% |
Housing Supply in Homer Township, IL
How many homes are available in Homer Township, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
146 | 166 | +13.7% |
Summary: The Homer Township real estate market had 166 homes for sale in June 2024, a 13.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 22 | 26 | +18.2% |
3 Bedrooms | 47 | 50 | +6.4% |
4 Bedrooms | 50 | 63 | +26.0% |
5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Homer Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
38 | 44 | +15.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Homer Township in June 2024, up by 15.8% month-over-month. Of the 44 sold homes, 48% were sold under asking, 11% were sold at asking, and 41% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
16 Days | 17 Days | +9.1% |
Summary: Homes in Homer Township had an average of 17 days on market in Jun 2024, up by 9.1% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 44 homes were sold in Homer Township; 89% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.