Housing in Homewood, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$239,950
Median List Price
$219,900
Price Per Sq Ft
$178
Days on Market
73
Active Inventory
91
Months of Supply
7.6
Buyer's market
Zillow Home Value
$235,946
ZHVI — January 2026
Zillow Rent Index
$2,049
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
41.7%
Off Market in 2 Weeks
11.5%
Sale-to-List Ratio
97.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
12
New Listings
21
Pending Sales
26
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$178
Median List $/SF
$165
Homewood vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Homewood is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$210,500
Median Rent
$1,422
Total Housing Units
7,394
Vacancy Rate
4.8%
Owner Occupied
79.4%
Renter Occupied
20.6%
Median Property Tax
$5,946
per year
Monthly Cost (w/ Mortgage)
$1,357
Housing Types
The current median sale price in Homewood, IL is $239,950 according to Redfin data. Homes spend a median of 73 days on the market. 41.7% of homes sold above asking price. The market has 7.6 months of supply. The median price per square foot is $178. Zillow's observed rent index is $2,049/month. About 79.4% of housing units are owner-occupied. The median year homes were built is 1962. There are 7,394 total housing units.