Homewood, IL Home Values & Market Trends
Real estate market trends reflect that there have been 429 transactions over the past year in Homewood. The median value for residential home transactions that occurred over the previous year is $226,229.55. The number of current listings in Homewood is 19, and the percentage of properties for sale in the city is 19.00%. Homewood, IL currently has 70 properties in foreclosure, 6 bank owned properties, 7 properties headed for auction, and 19 properties for sale.
Homewood, IL Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 60430 | $ 267,765 $ 154/sqft |
Housing Market Summary for Homewood, IL
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $259.9K | $199.9K | -23.09% |
| Median Sold Price | $233K | $199.9K | -14.21% |
| Homes For Sale | 19 | 19 | - |
| Homes Sold | 237 | 218 | -8.02% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Homewood, IL
Browse Homes in Homewood, IL
Homewood home values range from $40,488 to $1,079,602. The median estimated value of a home in Homewood is $226,229.55. The median list price of a home is 269,800, and the total count of properties in the city is 7,711.
- Pre-ForeclosurePre-foreclosure homes account for 0.74% of all residential properties in Homewood, IL with 60430 containing 56 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Homewood, IL; of that zips, the estimated home value for pre-foreclosure homes ranges from $528,093 in 60430 to the lowest home value of $98,567 in 60430.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Homewood, IL ranges from the highest value of $343,103 in 60430 to the lowest value of $204,900 in 60430. Bank owned homes and properties account for 0.08% of properties in Homewood, IL. There is 1 zips within Homewood, IL; 60430 containing 6 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions60430 has 7 auction properties, the highest number of properties going to auction in a single zip in the state of Homewood, IL. Auction homes and other auction properties account for 0.09% of all properties in Homewood, IL. There is 1 zips within Homewood, IL; of that zips, the median estimated home value for homes going to auction ranges from $321,180 in 60430 to the lowest value of $171,824 in 60430.
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