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Foreclosure Homes in Homewood, IL

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Homewood, IL Foreclosures

Current Market Conditions in in Homewood, IL As of May 2026?
Home values: -0.52% MoM; rent: +0.00% MoM.
How much do homes sell for in Homewood, IL?
The average home price is currently $256,317.
In Homewood, IL, how many homes are available?
There are currently 207 active home listings available in Homewood.
What’s the average rental cost in Homewood, IL?
The average rental price in Homewood is $1,624.
What is the most expensive home in Homewood?
The most expensive home sold in Homewood had a price of $9,188,914.
What is currently the cheapest priced home in Homewood, IL?
The cheapest home for sale in Homewood is priced at $10,053.

Living in Homewood, IL

Homewood, IL is a south suburban Chicago market with commuter rail access, established neighborhoods, local retail, and a provided median home value of $244,890 as of 2026-05-14.

Buyer vs Seller Market in Homewood, IL

Median home value: $244,890 as of 2026-05-14.

Median rent: $1,660 as of 2026-05-14.

Home values: -0.52% MoM, -1.30% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Home Value Estimator For Homewood, IL

There are currently 8,124 real estate properties in Homewood, IL, with a median automated valuation model (AVM) price of $244,890.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Homewood, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Homewood, IL, is $256,317.00, with the most expensive house in Homewood, IL, topping out at $9,188,914.00 and the cheapest home in Homewood, IL, clocking in at $10,053.00. In other words, there’s something for every potential homebuyer or savvy investor in Homewood, IL!

Rent Prices In Homewood, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Homewood, IL, is on a rollercoaster ride. The average rent price in Homewood, IL, is $1,624.00. Indeed, when looking to rent in Homewood, IL, you can expect to pay as little as $800.00 or as much as $3,020.00, with the average rent median estimated to be $1,660.00. The good news is that finding an affordable and desirable property to rent in Homewood, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Homewood, IL Foreclosures

Market Trend for Homewood, IL

Total Listings Available: 207

Market Values:

Home Prices from $10,053 to $9,188,914

Average Sales Price: $256,317

Rental Values:

Rental from $800 to $3,020

Average Rent Value: $1,624 / month

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