Condos InHomewood, IL

Homewood, IL Condo Market Report (In last 12 months)

Avg. List Price

$148,455 ($138/Sqft.)

Year-Over-Year List Price

5.15%

Total Listings

Avg. Days on Market

Avg. Sale Price

$140,525 ($134/Sqft.)

Year-Over-Year Sale Price

2.50%

Total Sold

Avg. HOA Fees/Sqft.

$5/monthly

Homewood, IL Condo Market Overview

Nestled in the heart of the Midwest, Homewood, IL offers a vibrant condo market that seamlessly marries urban conveniences with suburban charm. This picturesque village boasts a rich tapestry of living options to suit diverse tastes and budgets. In Downtown Homewood, contemporary condos provide bustling proximity to boutique shopping, delightful eateries, and the beloved Farmers Market, perfect for those craving a lively community spirit. For a more serene option, explore the tree-lined streets of Flossmoor, where spacious condos with lush gardens and classic architecture offer tranquil living without straying too far from modern amenities. Homewood’s appeal is further enhanced by its excellent schools, scenic parks, and a strong sense of community, making it ideal for families and professionals alike. With the Metra line offering swift access to Chicago, residents enjoy the best of both worlds—a peaceful retreat with urban excitement just a train ride away. Discover a welcoming community that embodies warmth, diversity, and opportunity in Homewood.

Condos For Sale In Homewood, IL

Popular Condos Neighborhoods in Homewood, IL

Explore Homewood, IL Neighborhoods

Homewood, IL, is a charming suburban enclave celebrated for its welcoming community spirit and rich history. With tree-lined streets, a bustling downtown area filled with local shops and eateries, and a strong sense of neighborhood pride, it offers a perfect blend of small-town atmosphere and modern convenience. Visitors and residents alike enjoy annual festivals, lush parks, and a commitment to arts and culture, making it a delightful place to live and explore.

Frequently Asked Questions About Homewood, IL

What is it like to live in Homewood?

Homewood, IL offers a suburban lifestyle with a mix of single-family homes and townhouses, known for its community-oriented atmosphere and green spaces. The area features excellent public schools and convenient access to Metra rail service, providing a balance between residential tranquility and connectivity to Chicago.

What is it like to live in Homewood?

Is Homewood expensive?

Homewood offers a more affordable cost of living compared to the nearby city of Chicago, with median home prices and rental rates below the metropolitan area's average. Its reasonable housing costs make it an attractive option for families and first-time homebuyers.

Is Homewood expensive?

How much is a condo in Homewood?

The average cost of a condo in Homewood, IL, ranges from $150,000 to $250,000, depending on factors such as size and location. The area generally offers more affordable real estate options compared to nearby urban centers.

How much is a condo in Homewood?

What are the safest neighborhoods in Homewood?

Homewood consistently ranks as a safe suburb with well-maintained residential areas. It is noted for quiet neighborhoods and a strong sense of community, supported by local police services and neighborhood watch programs.