Is Homer Glen, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Homer Glen has remained a Seller's Market.
Housing Prices in Homer Glen, IL
How much do homes in Homer Glen, IL cost?
Median Sold Price
$470,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Homer Glen was $470,000 in May 2024, up 9.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $635K | N/A |
2 Bedrooms | $317.5K | $307.4K | -3.2% |
3 Bedrooms | $400K | $433K | +8.3% |
4 Bedrooms | $445.9K | $512.3K | +14.9% |
5+ Bedrooms | $592.5K | $636.5K | +7.4% |
Summary: Homer Glen housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
Orland Park | $315.2K | $349.9K | +11.0% |
Lemont | $449.5K | $496.4K | +10.5% |
Homer Glen | $429.9K | $470K | +9.3% |
Homer Township | $385K | $420K | +9.1% |
Lockport | $285K | $310K | +8.8% |
Housing Supply in Homer Glen, IL
How many homes are available in Homer Glen, IL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 101 | +32.9% |
Summary: The Homer Glen real estate market had 101 homes for sale in May 2024, a 32.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 30 | 33 | +10.0% |
4 Bedrooms | 23 | 38 | +65.2% |
5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Homer Glen housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 65.2%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 26 | +85.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Homer Glen in May 2024, up by 85.7% month-over-month. Of the 26 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 14 Days | -65.3% |
Summary: Homes in Homer Glen had an average of 14 days on market in May 2024, down by 65.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Homer Glen; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.