The Homewood Terrace housing market is somewhat competitive. The median sale price of a home in Homewood Terrace was $298K last month, up 1.4% since last year. The median sale price per square foot in Homewood Terrace is $176, up 60.0% since last year.
What is the housing market like in Homewood Terrace today?
In March 2024, Homewood Terrace home prices were up 1.4% compared to last year, selling for a median price of $298K. On average, homes in Homewood Terrace sell after 102 days on the market compared to 178 days last year. There were 4 homes sold in March this year, up from 2 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$298,000
+1.4% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Homewood Terrace, IL
$298,000
+1.4%
United States
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How hot is the Homewood Terrace housing market?
Homewood Terrace is somewhat competitive. Homes sell in 41 days.
0
100
52
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 2% above list price and go pending in around 41 days.
Hot homes
can sell for about 3% above list price and go pending in around 20 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Homewood Terrace housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Homewood Terrace.
Risk Factor
Flood Factor - Minor
28% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Homewood Terrace has a minor risk of flooding. 40 properties in Homewood Terrace are likely to be
severely affected
by flooding over the next 30 years. This represents 28% of all properties in Homewood Terrace. Flood risk is increasing slower than the national average.
3% of properties are at risk of wildfire over the next 30 years
Fire Factor
Homewood Terrace has a moderate risk of wildfire. There are 16 properties in Homewood Terrace that have some risk of being affected by wildfire over the next 30 years. This represents 3% of all properties in Homewood Terrace.
Homewood Terrace has minimal risk of severe winds over the next 30 years
Wind Factor
Homewood Terrace has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
100% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Homewood Terrace has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 100% of homes in Homewood Terrace have a Moderate Heat Factor®.
Homewood Terrace is expected to see a 128% increase in the number of days over 101ºF over the next 30 years. Homewood Terrace is expected to experience 8