Altos Market Data for Realtors

Homewood, IL

Single-Family Homes

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Homewood, IL

Thu Dec 01 2022
This week the median list price for Homewood, IL is $299,950 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has decreased to 46. Click here to stay informed with the Homewood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Homewood, IL

Thu Dec 01 2022
This week the median list price for Homewood, IL is $299,950 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has decreased to 46. Click here to stay informed with the Homewood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Homewood market.
Median List Price $299,950
Median Price of New Listings $234,850
Per Square Foot $153
Average Days on Market 66
Median Days on Market 49
Price Decreased 52%
Price Increased 2%
Relisted 30%
Inventory 46
Median Rent
Market Action 45
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$359,000 2,518 0.25 - 0.5 acre 4 2.5 48 1 1 28
$319,900 1,800 8,000 - 10,000 sqft 4 2.5 56 1 0 63
$279,950 1,836 8,000 - 10,000 sqft 4 2 68 2 2 63
$207,500 1,328 6,500 - 8,000 sqft 3 2 70 4 1 42