Homewood Home Prices & Values
Zillow Home Value Index
The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more
$151,200
- 6.7% 1-year change
- 8.5% 1-year forecast
Market temperature
Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more
Cool
Buyers' Market
Sellers' Market
The median home value in Homewood is $151,200. Homewood home values have gone up 6.7% over the past year and Zillow predicts they will rise 8.5% within the next year. The median list price per square foot in Homewood is $114, which is lower than the Chicago-Naperville-Elgin Metro average of $166. The median price of homes currently listed in Homewood is $161,680 while the median price of homes that sold is $153,500.
Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Homewood is 1.4%, which is higher than the national value of 1.1%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Homewood homeowners underwater on their mortgage is 24.4%, which is higher than Chicago-Naperville-Elgin Metro at 13.5%.
Read moreRelative ZHVI
- +Homewood Market Overview
Data through Sep 30, 2018
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$151,200
ZHVI
The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more
-
8.5%
1-yr forecast
The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more(Sep 30, 2019)
- $161,680 Median listing price
- $153,500 Median sale price
Homewood Market Health
Data through Sep 30, 2018
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0.8/10
Less healthy
The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
- 86 Average days on Zillow (Aug 31, 2018)
- 24.4% Homes with negative equity (8.2% US Avg) (Jun 30, 2018)
- 1.4% Delinquent on mortgage (1.1% US Avg) (Jun 30, 2018)
Nearby Cities
| Name | Median ZHVI |
|---|---|
| Flossmoor | $203,700 |
| Glenwood | $120,500 |
| Country Club Hills | $117,100 |
| Name | Median ZHVI |
|---|---|
| East Hazel Crest | $114,200 |
| Thornton | $105,000 |
| Hazel Crest | $104,000 |
| Name | Median ZHVI |
|---|---|
| Chicago Heights | $98,000 |
| Harvey | $58,800 |
| Phoenix | $53,000 |
Listings & Sales
Data through Sep 30, 2018
- $114 Median list price / sq ft
- No recent data Median sale price / sq ft
- 23.3% Listings with price cut
Homewood For Sale Listings
Homewood Rentals
Data through Sep 30, 2018
Zillow Rent Index
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The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
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1.3
Breakeven horizon
The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more(Mar 31, 2018)
- No data Rent list price
- No data Rent list price / sq ft
