Altos Market Data for Realtors

Homer Glen, IL

Single-Family Homes

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Homer Glen, IL

Tue Sep 21 2021
This week the median list price for Homer Glen, IL is $529,950 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 58. Click here to stay informed with the Homer Glen market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Homer Glen, IL

Tue Sep 21 2021
This week the median list price for Homer Glen, IL is $529,950 with the market action index hovering around 42. This is less than last month's market action index of 44. Inventory has held steady at or around 58. Click here to stay informed with the Homer Glen market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Homer Glen market.
Median List Price $529,950
Median Price of New Listings $379,900
Per Square Foot $167
Average Days on Market 107
Median Days on Market 56
Price Decreased 40%
Price Increased 0%
Relisted 14%
Inventory 58
Median Rent $1,995
Market Action 42
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,649,950 6,810 5 - 10 acres 5 4 16 0 0 94
$664,000 3,481 0.5 - 1 acre 4 3 22 2 3 80
$459,900 3,036 0.5 - 1 acre 4 2 32 1 1 28
$379,900 2,541 0.25 - 0.5 acre 4 2 43 6 6 7