Is Hometown, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hometown is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Hometown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hometown, IL

How much do homes in Hometown, IL cost?

Median Sold Price

$200,500

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$9,500(+5.0%)

Key Takeaway

Homes in Hometown have sold for 5% more than they did a year ago.

Summary: The median home sold price in Hometown was $200,500 in September 2024, up 5% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $179.9K$195K
+8.4%
3 $215K$225.5K
+4.9%
4 $149.2K$244K
+63.5%
5+ --
N/A

Summary: Hometown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 63.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Worth Township
+10.8%
Chicago
+5.9%
Hometown
+5.0%

Housing Supply in Hometown, IL

How many homes are available in Hometown, IL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
11110.0%

Summary: The Hometown real estate market had 11 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 66
0.0%
3 44
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Hometown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hometown, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Hometown in September 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Hometown, IL

How long does it take to sell a home in Hometown, IL?

Average Sale Time

Sep 2023Sep 2024CHANGE
16 Days9 Days-44.9%

Summary: Homes in Hometown had an average of 9 days on market in Sep 2024, down by 44.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hometown are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 1 homes were sold in Hometown; 100% of homes were sold within 30 days, 0% 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 Hometown, IL

Nearby Markets to Hometown, IL

What housing markets are near Hometown, IL?