Altos Market Data for Realtors

Homewood, IL

Single-Family Homes

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Homewood, IL

Wed Oct 20 2021
This week the median list price for Homewood, IL is $239,850 with the market action index hovering around 69. This is less than last month's market action index of 70. Inventory has decreased to 28. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Homewood, IL

Wed Oct 20 2021
This week the median list price for Homewood, IL is $239,850 with the market action index hovering around 69. This is less than last month's market action index of 70. Inventory has decreased to 28. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Homewood market.
Median List Price $239,850
Median Price of New Listings $262,900
Per Square Foot $146
Average Days on Market 64
Median Days on Market 53
Price Decreased 39%
Price Increased 0%
Relisted 11%
Inventory 28
Median Rent $1,115
Market Action 69
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$289,000 2,006 8,000 - 10,000 sqft 4 2 66 2 2 28
$264,900 1,750 8,000 - 10,000 sqft 4 2 59 2 1 70
$210,000 1,300 8,000 - 10,000 sqft 3 1 70 1 2 56
$159,900 1,230 0.25 - 0.5 acre 3 1 71 2 2 14