Is Homer Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$411,000
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Homer Township was $411,000 in March 2024, up 6.8% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $259.9K | $271.9K | +4.6% |
3 Bedrooms | $350K | $355K | +1.4% |
4 Bedrooms | $460K | $510K | +10.9% |
5+ Bedrooms | $519K | $612.5K | +18.0% |
Summary: Homer Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
Homer Glen | $428.6K | $478.2K | +11.6% |
Homer Township | $385K | $411K | +6.8% |
Lockport | $284.4K | $303.5K | +6.7% |
Lemont | $445K | $462.5K | +3.9% |
Lemont Township | $472.4K | $462.5K | -2.1% |
Housing Supply in Homer Township, IL
How many homes are available in Homer Township, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
100 | 100 | 0.0% |
Summary: The Homer Township real estate market had 100 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 33 | 37 | +12.1% |
4 Bedrooms | 37 | 31 | -16.2% |
5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Homer Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 25 | -24.2% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Homer Township in March 2024, down by 24.2% month-over-month. Of the 25 sold homes, 48% were sold under asking, 4% were sold at asking, and 48% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 23 Days | -35.3% |
Summary: Homes in Homer Township had an average of 23 days on market in Mar 2024, down by 35.3% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 25 homes were sold in Homer Township; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.