The table below shows the difference between the sale of Homer Glen homes in 2011 vs. 2010.
|# of Homes Sold||% Change||Average Sale Price||% Change|
Like many surrounding suburbs, the amount of sales went up in 2011 compared to 2010. There was an 8.6% increase in single family Homer Glen homes sold.
Similar to many other towns, Homer Glen showed a 5.8% decrease in average sales price. Some areas are showing double digit decreases so it could be worse, but prices are still dropping.
This means that if you're a buying in Homer Glen this is a great time to make that purchase with current low interest rates and low prices. No one knows when we'll reach bottom, but I am super busy with buyers right now and if buyers continue purchasing at this pace prices will stabilize at some point. A nearby town, Palos Park, showed a price increase so it is happening already in some villages.
Click the link to see updated Homer Glen real estate sales statistics from 2005 to the present for both detached and attached properties. Call Judy Orr or James Herter at 708-536-8200 if you're ready to start looking at properties in Homer Glen or any other southwest suburb.