Homewood, IL housing market
The typical Homewood home is worth about $254,000, up 5.6% in a year, 15% below the Illinois typical home. Homes typically sell in 66 days, below asking.
Home values, sales, trends and how Homewood compares with the towns next door — updated as new data is published.
Homewood at a glance
A balanced market
About 4.5 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Homewood | Illinois |
|---|---|---|
| 2017 | $135,000 | $181,000 |
| 2018 | $147,000 | $190,000 |
| 2019 | $154,000 | $195,000 |
| 2020 | $160,000 | $200,000 |
| 2021 | $179,000 | $215,000 |
| 2022 | $205,000 | $236,000 |
| 2023 | $221,000 | $248,000 |
| 2024 | $227,000 | $263,000 |
| 2025 | $240,000 | $278,000 |
| 2026 | $246,000 | $290,000 |
| August 2026 | $254,000 | $298,000 |
Homewood and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Homewood | $254K | +5.6% | 66 | $100,139 |
| Flossmoor | $344K | +5% | 53 | $133,663 |
| Hazel Crest | $187K | +4.3% | 77 | $68,393 |
| East Hazel Crest | $187K | +4.3% | — | $54,950 |
| Thornton | — | — | — | $59,647 |
| Glenwood | $222K | +6.3% | 36 | $77,391 |
2.5 years of income
The typical Homewood home costs about 2.5 years of the town's median household income, less than across Illinois (3.6 years).
How Homewood ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.