Homewood Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $149,700
    0% ( $300 ) vs Jul 2013
  • Median Sales Price
    $131,500
    4% ( $4,750 ) vs Jul 2013
  • Median Foreclosure Sales Price
    $61,500
    35% ( $33,500 ) vs Jul 2013
  • Foreclosures 237
    Homes for Sale 114
    Recently Sold 220

Market Summary

There are currently 237 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 August, the number of properties that received a foreclosure filing in Homewood, IL was 8% higher than the previous month and 13% lower than the same time last year.

Home sales for July 2014 were up 20% compared with the previous month, and down 45% compared with a year ago. The median sales price of a non-distressed home was $131,500. The median sales price of a foreclosure home was $61,500, or 53% lower than non-distressed home sales.

Sales Prices - Homewood, IL




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$61,500 (Median Foreclosure 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) $131,500 (Median 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) $61,500 (Median Foreclosure 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) $131,500 (Median 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)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
TINLEY PARK
64
46.7
% (y-o-y)
$184,500
5.3
% (y-o-y)
35.0%
20.1
% (y-o-y)
Chicago Heights
46
58.6
% (y-o-y)
$47,500
31.4
% (y-o-y)
42.1%
53.1
% (y-o-y)
Lansing
31
60.8
% (y-o-y)
$76,000
22.8
% (y-o-y)
24.0%
53.8
% (y-o-y)
South Holland
31
52.3
% (y-o-y)
$103,750
16.0
% (y-o-y)
28.2%
39.3
% (y-o-y)
Oak Forest
28
42.9
% (y-o-y)
$162,000
12.5
% (y-o-y)
10.8%
24.0
% (y-o-y)
Country Club Hills
25
56.1
% (y-o-y)
$103,000
19.8
% (y-o-y)
40.5%
62.6
% (y-o-y)
Park Forest
24
61.3
% (y-o-y)
$40,000
14.0
% (y-o-y)
35.0%
33.3
% (y-o-y)
Harvey
23
17.9
% (y-o-y)
$18,000
55.0
% (y-o-y)
Data not available
Hazel Crest
20
45.9
% (y-o-y)
$70,000
1.4
% (y-o-y)
41.8%
46.4
% (y-o-y)
Dolton
20
81.7
% (y-o-y)
$42,500
12.4
% (y-o-y)
38.2%
44.3
% (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: 7.20%
Percentage of vacant homes: 7.46%