Real Estate Market Update for Homer Glen, IL

Video: Real Estate Community Tour for Homer Glen, IL

See Real estate community tour for Homer Glen, IL
Welcome to November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 12% from one year earlier, and down 14% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 3%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 270-thousand dollars. The number of units sold increased 16% year-over-year, and increased 16% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Homer Glen, IL
Area Information for Homer Glen, IL
  • Population: 24,492
  • Median Age: 42.58 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 1,101/sq mi
  • Population Change Since 2000: 14.83%
  • Closest Airport: Chicago Midway International
  • Closest College: Itt Technical Institute-orland Park
  • Closest Jr. College: Moraine Valley Community College
  • Median Household Income: $93,733
  • Annual Residential Turnover: 3%
  • Median Home Sales Price: $268,950
  • Closest Major Sports Team: Chicago Blackhawks
  • Change Avg. Household Income Since 2000: 9.38%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Homer Glen, IL
Median Age: 42.58 Married: 53% Number of Households: 8,162 Households with Children: 3,167
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Homer Glen, IL

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Oak Prairie Jr High School 0.9 mi Public 6-8 4 3
      Luther J Schilling School 1.0 mi Public PRESCHOOL-4 4 4
      William E Young School 1.2 mi Public K-4 4 0
      Reed Elementary School 1.8 mi Public 2-3 0 4
      Mary Sears Childrens Academy 1.8 mi Private PRESCHOOL-K 0 0
      Lockport Township High School East 2.0 mi Public 9-12 3-5 4
      Walsh Elementary School 2.1 mi Public PRESCHOOL-1 0 5
      William J Butler School 2.2 mi Public K-4 3-5 5
      Kelvin Grove Jr High School 2.6 mi Public 4-8 2 4
      Ludwig Elementary School 2.8 mi Public 4-5 4-5 4
      Bobbie Noonan's Child Care 2.8 mi Private PRESCHOOL-K 0 0
      Bobbie Noonan's Child Care 2.8 mi Private K-K 0 0
      Milne Grove Elementary School 2.9 mi Public PRESCHOOL-3 0 4
      St Joseph Elementary School 2.9 mi Catholic PRESCHOOL-8 0 4
      Bobbie Noonans Child Care 3.2 mi Private PRESCHOOL-K 0 0
      St Dennis School 3.4 mi Catholic PRESCHOOL-8 0 4
      Homer Jr High School 3.4 mi Public 7-8 4 4
      Hadley Middle School 3.4 mi Public 5-6 4-5 4
      Taft Grade School 3.6 mi Public K-8 2-5 4
      Goodings Grove School 3.6 mi Public K-4 3-5 5
      Sandbox Preschool & Child Care 4.4 mi Private PRESCHOOL-PRESCHOOL 0 0
      Fairmont School 4.5 mi Public PRESCHOOL-8 0 2
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for Homer Glen, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.