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 June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 36% from one year earlier, and up 1% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 410-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 28%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 330-thousand dollars. The number of units sold increased 48% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. 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: 24,362
  • Median Age: 42.73 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 1,096/sq mi
  • Population Change Since 2000: 14.1%
  • Closest Airport: Chicago Midway International
  • Closest College: Itt Technical Institute-orland Park
  • Closest Jr. College: Moraine Valley Community College
  • Median Household Income: $93,272
  • Annual Residential Turnover: 3%
  • Median Home Sales Price: $270,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 7.73%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Homer Glen, IL
Median Age: 42.73 Married: 54% Number of Households: 8,125 Households with Children: 2,955
    • 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 School Rating Parent Rating
      Oak Prairie Jr High School 0.8 mi Public 6-8 4 0
      Luther J Schilling School 1.0 mi Public PRESCHOOL-4 4 0
      William E Young School 1.2 mi Public 1-4 4 0
      Reed Elementary School 1.8 mi Public 2-3 0 0
      Mary Sears Childrens Academy 1.8 mi Private PRESCHOOL-K 0 0
      Lockport Township High School East 2.0 mi Public 9-12 4 3
      Walsh Elementary School 2.1 mi Public PRESCHOOL-1 0 0
      William J Butler School 2.2 mi Public 1-4 4 0
      Kelvin Grove Jr High School 2.6 mi Public 4-8 4 0
      Ludwig Elementary School 2.7 mi Public 4-5 4 0
      Bobbie Noonan's Child Care 2.7 mi Private K-K 0 0
      Milne Grove Elementary School 2.9 mi Public PRESCHOOL-3 0 0
      St Joseph Elementary School 3.0 mi Catholic PRESCHOOL-8 0 0
      Bobbie Noonans Child Care 3.2 mi Private PRESCHOOL-K 0 0
      St Dennis School 3.4 mi Catholic PRESCHOOL-8 0 0
      Homer Jr High School 3.4 mi Public 7-8 4 0
      Hadley Middle School 3.4 mi Public 5-6 0 0
      Taft Grade School 3.6 mi Public K-8 3 0
      Goodings Grove School 3.7 mi Public 1-4 3 0
      Sandbox Learning Center - Homer Glen 4.3 mi Private PRESCHOOL-PRESCHOOL 0 0
      Fairmont School 4.5 mi Public PRESCHOOL-8 1 0
      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: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Homer Glen, IL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.