Homewood, IL
Housing market overview · Updated weekly
$219,575median sale price
Homes sold
18
Last 12 weeks
Days on market
83
Average pace
Active listings
95
5.3 months supply
Sale-to-list
99.5%
Below asking
The Homewood housing market is currently classified as a buyer's market with a median sale price of $219,575. Prices have fallen 14.2% compared to last year, with homes spending an average of 83 days on market, indicating 5.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Homewood
There are currently 95 homes listed for sale in Homewood, Illinois. The median listing price is $245K.
Active listings
95
Homes on market
Median list price
$245K
Avg. days on market
83
Days until sale
New this week
22
Newly listed
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Frequently asked questions
What is the average home price in Homewood?
The median home sale price in Homewood is $219,575, down 14.2% from last year.
How long do homes stay on market in Homewood?
Homes typically spend 83 days on market before going under contract.
Is Homewood a buyer's or seller's market?
With 5.3 months of supply, Homewood is currently a buyer's market.
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