Homewood Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $150,000
    3% ( $5,000 ) vs Jun 2013
  • Median Sales Price
    $126,750
    2% ( $2,250 ) vs Jun 2013
  • Median Foreclosure Sales Price
    $95,000
    1% ( $1,000 ) vs Jun 2013
  • Foreclosures 241
    Homes for Sale 114
    Recently Sold 221

Market Summary

There are currently 241 properties in Homewood, IL that are in some stage of foreclosure (default, auction or bank owned) while the number of homes listed for sale on RealtyTrac is 114.

In July, the number of properties that received a foreclosure filing in Homewood, IL was 25% higher than the previous month and 4% lower than the same time last year.

Home sales for June 2014 were down 48% compared with the previous month, and down 50% compared with a year ago. The median sales price of a non-distressed home was $126,750. The median sales price of a foreclosure home was $95,000, or 25% lower than non-distressed home sales.

Sales Prices - Homewood, IL




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$95,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure Sales Price) $85,625 (Median Foreclosure Sales Price) $75,000 (Median Foreclosure Sales Price) $71,000 (Median Foreclosure Sales Price) $74,500 (Median Foreclosure Sales Price) $126,750 (Median Sales Price) $129,000 (Median Sales Price) $120,000 (Median Sales Price) $123,000 (Median Sales Price) $120,500 (Median Sales Price) $125,000 (Median Sales Price) $95,000 (Median Foreclosure Sales Price) $96,000 (Median Foreclosure Sales Price) $85,625 (Median Foreclosure Sales Price) $75,000 (Median Foreclosure Sales Price) $71,000 (Median Foreclosure Sales Price) $74,500 (Median Foreclosure Sales Price) $126,750 (Median Sales Price) $129,000 (Median Sales Price) $120,000 (Median Sales Price) $123,000 (Median Sales Price) $120,500 (Median Sales Price) $125,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
TINLEY PARK
94
12.1
% (y-o-y)
$179,000
5.3
% (y-o-y)
33.0%
25.0
% (y-o-y)
Chicago Heights
54
30.8
% (y-o-y)
$47,000
36.3
% (y-o-y)
50.0%
59.3
% (y-o-y)
Oak Forest
46
17.9
% (y-o-y)
$160,000
6.0
% (y-o-y)
20.2%
37.4
% (y-o-y)
Dolton
38
33.3
% (y-o-y)
$55,000
21.5
% (y-o-y)
57.3%
33.7
% (y-o-y)
Park Forest
29
14.7
% (y-o-y)
$39,000
25.0
% (y-o-y)
28.8%
48.1
% (y-o-y)
South Holland
27
37.2
% (y-o-y)
$106,000
12.9
% (y-o-y)
29.5%
37.0
% (y-o-y)
Lansing
25
69.9
% (y-o-y)
$94,000
1.6
% (y-o-y)
47.6%
51.6
% (y-o-y)
Matteson
23
30.3
% (y-o-y)
$127,500
10.2
% (y-o-y)
27.1%
24.2
% (y-o-y)
Harvey
20
53.5
% (y-o-y)
$22,750
17.3
% (y-o-y)
41.8%
47.3
% (y-o-y)
Hazel Crest
16
48.4
% (y-o-y)
$72,500
7.4
% (y-o-y)
30.3%
40.0
% (y-o-y)

Local Info For Homewood

Population:
19,328
Cost of Living Index: 112.41
Crime Index: 38.34     Rating: A- View crime details
Schools: 3    Average School Rating: B View individual school rating
Household Median Income: $71,195
Unemployment: 7.50%
Percentage of vacant homes: 7.46%