Real Estate Market Update for Homewood, IL

Video: Real Estate Community Tour for Homewood, IL

See Real estate community tour for Homewood, IL
Welcome to December's Market Update. Let’s take a look at residential real-estate activity in your area during the month of November. The number of active listings was down 28% from one year earlier, and down 22% 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 160-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 34%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 140-thousand dollars. The number of units sold increased 89% year-over-year, and increased 10% 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 Homewood, IL
Area Information for Homewood, IL
  • Population: 19,117
  • Median Age: 41.98 yr
  • Median Commute Time: 32 mins
  • Educational Climate*: 4
  • Sales Tax: 9%
  • Population Density: 3,669/sq mi
  • Population Change Since 2000: -2.1%
  • Closest Airport: Chicago Midway International
  • Closest College: Governors State University
  • Closest Jr. College: Prairie State College
  • Median Household Income: $69,241
  • Annual Residential Turnover: 7%
  • Median Home Sales Price: $120,000
  • Closest Major Sports Team: Chicago Fire
  • Change Avg. Household Income Since 2000: 24.69%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Homewood, IL
Median Age: 41.98 Married: 39% Number of Households: 7,477 Households with Children: 2,403
    • 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 Homewood, IL

      School Name Distance Type Grades School Rating Parent Rating
      Flossmoor Montessori School 0.2 mi Private PRESCHOOL-3 0 0
      Western Avenue Elementary School 0.4 mi Public K-5 4 3
      Willow School 0.6 mi Public PRESCHOOL-2 0 0
      Martsci School 0.7 mi Private PRESCHOOL-K 0 0
      Parker Junior High School 0.8 mi Public 6-8 3 0
      Infant Jesus Of Prague School 0.8 mi Catholic PRESCHOOL-8 0 0
      Branches Of Montessori 0.9 mi Private PRESCHOOL-8 0 0
      St Joseph School 1.0 mi Catholic PRESCHOOL-8 0 0
      Hello Montessori Presch & Kinder 1.0 mi Private PRESCHOOL-K 0 0
      Heather Hill Elementary School 1.2 mi Public K-5 3 3
      Homewood Christian Academy 1.2 mi Private PRESCHOOL-8 0 0
      Homewood-flossmoor High School 1.2 mi Public 9-12 1 4
      Winston Churchill School 1.2 mi Public 3-4 2 0
      Millennium School 1.6 mi Public 5-6 0 0
      James Hart School 1.7 mi Public 7-8 3 0
      Future Scholar Community Development Center 1.8 mi Private K-K 0 0
      Flossmoor Hills Elementary School 1.9 mi Public K-5 3 0
      Alphabet Campus Inc Child Care Center 2.2 mi Private PRESCHOOL-K 0 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 Homewood, 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.