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Short Sale Listings in Homewood, IL

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Homewood, IL Foreclosures

How much do homes sell for in Homewood, IL?
The average home price is currently $263,225.
In Homewood, IL, how many homes are available?
There are currently 86 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 $7,173,580.
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, is a suburban gem located just 22 miles south of downtown Chicago. Known for its strong community spirit, this village offers a diverse range of amenities, lush green parks, and a family-friendly environment. With excellent schools and a commute to the city, Homewood stands out as a desirable location for families and professionals alike.

Current Market Conditions in Homewood, IL

The current real estate market in Homewood is witnessing a progressive trend as demand continues to rise. The suburb's appeal among families seeking quality education and a peaceful lifestyle has led to an increase in home sales, particularly among single-family residences.

Properties in Homewood are currently seeing competitive bidding, with buyers often facing multiple offers on well-maintained homes. The inventory remains relatively low, which keeps pressure on prices, making it a seller's market, yet still favorable for those looking to purchase.

Home Value Estimator For Homewood, IL

There are currently 8,108 real estate properties in Homewood, IL, with a median automated valuation model (AVM) price of $253,025.00. 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 $263,225.00, with the most expensive house in Homewood, IL, topping out at $7,173,580.00 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.

Homewood, IL Short Sale Listings

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