Median price for residential apartments in Homer Glen, IL as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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155 Homer Glen, IL, USA apartments for sale
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Homer Glen
According to statistics, the population in Homer Glen, IL amounts to 24,403, which shows decline 0% compared to the previous year. The median age of the city’s residents is 45. The average household income is $97,254, shifting growth 6% from the past year, and the average property value in Homer Glen, IL growth 2% to $304,400 throughout the year.
| Population | 24,403 |
| Median Age | 44.9 |
| Poverty Rate | 4% |
| Household Income | $97,254 |
| Number Of Employees | 12,509 |
| Median Property Value | $304,400 |
Household Income
The average household income in Homer Glen, IL grew from $92,054 to $97,254 in the past year. This data is an estimate based upon 8,397 households in Homer Glen, IL . The chart below presents how household income is distributed in Homer Glen, IL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Homer Glen, IL shifted from $298,100 to $304,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Homer Glen, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Homer Glen, IL properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Homer Glen, IL compared to median property taxes around the country. The prevalent amount of property taxes in Homer Glen, IL equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Homer Glen, IL, USA
Average apartment sale in Homer Glen: $490,090 (+1%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $898,030 | +30.8% |
| 2-bed apartments | $399,733 | +0.7% |
| 3-bed apartments | $392,826 | -1.5% |
| 4+ bed apartments | $559,106 | -0.2% |
During Dec 2022, the average price for an apartment in/near Homer Glen, IL increased by 1% to $490,090.
Knowing the current property prices is key if you plan to buy a studio in Homer Glen, IL. The average price for a studio has increased since the last month, currently being $898,030. Asking price for 2-bed apartment also increased by 0.7% and a place of this size will now cost you $399,733. A 3-bed apartment goes for $392,826, it decreased by 1.5% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 0.2% and made it down to $559,106.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $489,077 | -0.6% |
| Land for sale | $898,030 | +30.8% |
| Lofts for sale | $515,689 | +0% |
| Townhouses for sale | $384,345 | +0% |
Price reports demonstrate that house price decreased by 0.6% this month making it up to $489,077. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $392,174. The price statistics of lofts have not significantly changed, it now still goes for $515,689. Value of the townhouses didn’t change, the price still starts at $384,345. The average price of the land for sale in Homer Glen, IL has increased by 30.8%, and now equals $898,030.
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