Is Hometown, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hometown is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Hometown has remained a Seller's Market.

Key Takeaway

Hometown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hometown, IL

How much do homes in Hometown, IL cost?

Median Sold Price

$220,000

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$24,500(+12.5%)

Key Takeaway

Homes in Hometown have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Hometown was $220,000 in December 2024, up 12.5% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $188K$200K
+6.4%
3 $215K$231K
+7.4%
4 $148.5K$228K
+53.5%
5+ --
N/A

Summary: Hometown housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 53.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Hometown
+12.5%
Worth Township
+8.8%
Chicago
+7.8%

Housing Supply in Hometown, IL

How many homes are available in Hometown, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
913+44.4%

Summary: The Hometown real estate market had 13 homes for sale in December 2024, a 44.4% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 01
+100.0%
2 46
+50.0%
3 45
+25.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Hometown housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
07+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hometown, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Hometown in December 2024, up by 100.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 14% were sold at asking, and 57% were sold over asking.

Days on Market for Hometown, IL

How long does it take to sell a home in Hometown, IL?

Average Sale Time

Dec 2023Dec 2024CHANGE
6 Days25 Days+305.5%

Summary: Homes in Hometown had an average of 25 days on market in Dec 2024, up by 305.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hometown are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 7 homes were sold in Hometown; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Hometown, IL

Nearby Markets to Hometown, IL

What housing markets are near Hometown, IL?