Homewood, IL Foreclosures
How much do homes sell for in Homewood, IL?
The average home price is currently $266,310.
In Homewood, IL, how many homes are available?
There are currently 179 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 $7,158,867.
What is currently the cheapest priced home in Homewood, IL?
The cheapest home for sale in Homewood is priced at $17,183.
Living in Homewood, IL
Homewood, IL, offers a perfect blend of suburban tranquility and urban accessibility. Just a short drive from Chicago, this community provides excellent schools, abundant green spaces, and a lively downtown area filled with shops and eateries. Ideal for families and young professionals seeking a serene lifestyle close to city conveniences.
Current Market Conditions in Homewood, IL
The real estate market in Homewood, IL, has been stable over the past few months, with a slight increase in demand for single-family homes. The average home price has shown moderate appreciation, driven by increasing interest from young families and commuters looking for affordable housing options close to Chicago.
In recent months, the market has seen a flourish of new listings, creating a diverse array of options for prospective buyers. Homes are selling relatively quickly, often within a month of listing, indicating a competitive environment for buyers.
Home Value Estimator For Homewood, IL
There are currently 8,107 real estate properties
in Homewood, IL,
with a median automated valuation model (AVM) price
of $258,074.00. 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 $266,310.00, with the most expensive house
in Homewood, IL, topping out
at $7,158,867.00 and the cheapest home
in Homewood, IL,
clocking in at $17,183.00. 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.
Learn more on Foreclosure homes
