Homewood Real Estate Statistics & Foreclosure Trends Summary

  • Median List Price
    $107,425
    10% ( $12,025 ) vs Feb 2013
  • Median Sales Price
    $121,000
    3% ( $4,000 ) vs Feb 2013
  • Median Foreclosure Sales Price
    $71,000
    5% ( $3,500 ) vs Feb 2013
  • Foreclosures 287
    Homes for Sale 98
    Recently Sold 280

Market Summary

There are currently 287 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 98.

In March, the number of properties that received a foreclosure filing in Homewood, IL was 25% higher than the previous month and 3% higher than the same time last year.

Home sales for February 2014 were down 22% compared with the previous month, and down 12% compared with a year ago. The median sales price of a non-distressed home was $121,000. The median sales price of a foreclosure home was $71,000, or 41% lower than non-distressed home sales.

Sales Prices - Homewood, IL




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$71,000 (Median Foreclosure Sales Price) $74,500 (Median Foreclosure Sales Price) $82,250 (Median Foreclosure Sales Price) $72,500 (Median Foreclosure Sales Price) $80,750 (Median Foreclosure Sales Price) $89,100 (Median Foreclosure Sales Price) $121,000 (Median Sales Price) $125,000 (Median Sales Price) $119,500 (Median Sales Price) $113,000 (Median Sales Price) $120,000 (Median Sales Price) $126,000 (Median Sales Price) $71,000 (Median Foreclosure Sales Price) $74,500 (Median Foreclosure Sales Price) $82,250 (Median Foreclosure Sales Price) $72,500 (Median Foreclosure Sales Price) $80,750 (Median Foreclosure Sales Price) $89,100 (Median Foreclosure Sales Price) $121,000 (Median Sales Price) $125,000 (Median Sales Price) $119,500 (Median Sales Price) $113,000 (Median Sales Price) $120,000 (Median Sales Price) $126,000 (Median Sales Price)
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Nearby Cities

Metro Total Sales Median Sales Price Foreclosure Savings
Matteson
74
124.2
% (y-o-y)
$112,500
12.1
% (y-o-y)
20.0%
11.7
% (y-o-y)
TINLEY PARK
60
17.8
% (y-o-y)
$165,000
1.8
% (y-o-y)
23.6%
25.2
% (y-o-y)
Chicago Heights
58
7.9
% (y-o-y)
$73,750
32.9
% (y-o-y)
61.4%
47.7
% (y-o-y)
Park Forest
41
5.1
% (y-o-y)
$48,250
35.9
% (y-o-y)
31.6%
26.8
% (y-o-y)
Lansing
34
12.8
% (y-o-y)
$87,250
11.9
% (y-o-y)
52.7%
47.0
% (y-o-y)
Country Club Hills
32
3.2
% (y-o-y)
$90,000
17.4
% (y-o-y)
43.9%
56.0
% (y-o-y)
South Holland
28
22.2
% (y-o-y)
$118,000
3.1
% (y-o-y)
45.8%
57.9
% (y-o-y)
Dolton
27
92.9
% (y-o-y)
$56,500
13.0
% (y-o-y)
46.0%
53.5
% (y-o-y)
Richton Park
25
4.2
% (y-o-y)
$85,750
20.8
% (y-o-y)
42.3%
45.7
% (y-o-y)
Oak Forest
25
7.4
% (y-o-y)
$134,000
7.6
% (y-o-y)
8.6%
22.4
% (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: 8.60%
Percentage of vacant homes: 7.46%