Current Price

$232,107

1 Month Forecast

â–² $253,309

1-Year Forecast *

â–² $271,388

5-Year Forecast *

â–² $306,563

"Is it a good time to buy homes in Homewood?" "Does investing in real estate in Homewood (Illinois State, Cook County) worth it?" According to our live Forecast System, buying a house in Homewood is a good short-term (1-year) investment*. The Homewood average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Homewood" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Homewood in Illinois State, Cook County. If you are looking for homes for sale with good flipping profit, Homewood can be a profitable property investment option. The median price of an average house in Homewood was 232,107 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Homewood" area is 306,563 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +32.08% meaning that investing 100000 USD today may yield a profit of 32,078 USD by 2031.

Current Median Listing Price: 232,107 USD Median Listing Price Per Square Foot: 129 USD

Homewood Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Homewood (Illinois State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Homewood Price Target

Homewood median home price target in 12 months: $271,388* (upside of 16.9%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $252,407 $251,231 $250,698 $252,407
2024 $219,095 $232,107 $219,095 $232,124
2023 $213,919 $219,138 $213,430 $219,665
2022 $197,788 $214,665 $197,788 $219,014
2021 $172,604 $194,375 $172,604 $194,375
2020 $154,181 $169,145 $154,181 $169,145
2019 $148,728 $153,244 $148,728 $153,244
2018 $142,275 $147,670 $142,275 $147,670
2017 $130,726 $140,623 $130,726 $140,623
2016 $124,619 $129,751 $124,619 $129,751
2015 $122,003 $124,435 $121,482 $124,435
2014 $112,963 $121,975 $112,963 $121,975
2013 $100,770 $112,045 $100,567 $112,045
2012 $107,509 $101,701 $101,701 $107,509

Questions & Answers about the Homewood Housing Market Forecast

How much does an average home cost in Homewood today?

The value of an average home (the listing price) in Homewood is $232,107 USD.

What is the average price per square foot in Homewood?

According to Walletinvestor the median price per square foot in Homewood is 129 USD.

Will the median listing price of homes in Homewood grow / rise / go up?

Yes. The Homewood home prices may rise from 232,107 USD to 271,388 USD in one year.

Is it profitable to invest in Homewood homes?

Yes. The long-term profit potential is +16.92% in one year.

Will Homewood house prices fall / drop?

No. See above.

What is the predicted price of a Homewood home in 2030?

The predicted home sales price of a Homewood home in 2030 in Homewood is 293,677 USD.

What is the predicted price of a Homewood home in 2035?

The predicted home sales price of a Homewood home in 2035 in Homewood is 353,549 USD.

Will real estate prices decrease in Homewood?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Homewood is the 3105. largest city in the United States, located in Illinois State.

During the last 12 months the real estate prices in Cook, Homewood decreased, looking at the past 12 months.

According to Walletinvestor's Homewood real estate market research, home values will increase in the next 12 months.

Median home values decreased by 7.774% to 232,107 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 16.684% in 2021
  • 17.214% in 2022
  • 15.384% in 2023
  • 15.494% in 2024
  • 16.084% in 2025
  • 17.194% in 2026

Based on our Homewood real estate market research and report the predicted sales prices will increase by 377.550% in the next 10 years.

Over the last 12 months, the value of homes in Homewood fluctuated: increasing 1 times and decreasing 3 times.

Homewood (Illinois) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Homewood Housing Market Forecast with Real Estate Prices for 2025
August 2025 253309 230764 275853
September 2025 255404 238547 272260
October 2025 257516 235369 279662
November 2025 259645 246144 273147
December 2025 261600 244596 278604
Homewood Housing Market Forecast with Real Estate Prices for 2026
January 2026 262005 248119 275891
February 2026 262181 241469 282893
March 2026 262715 243274 282156
April 2026 264765 251262 278268
May 2026 266954 248268 285641
June 2026 269162 242515 295809
July 2026 271388 254290 288485
August 2026 273632 251742 295523
September 2026 275895 258514 293276
October 2026 277195 261395 292995
November 2026 277073 249643 304504
December 2026 276538 260499 292577
Homewood Housing Market Forecast with Real Estate Prices for 2027
January 2027 275163 248197 302129
February 2027 273601 252534 294668
March 2027 272577 255950 289204
April 2027 271851 250646 293055
May 2027 270907 248693 293121
June 2027 270288 253530 287046
July 2027 270556 252700 288413
August 2027 271671 253469 289873
September 2027 272910 254898 290922
October 2027 274012 252913 295111
November 2027 275515 258984 292046
December 2027 277089 252428 301750
Homewood Housing Market Forecast with Real Estate Prices for 2028
January 2028 277850 258956 296744
February 2028 278184 258154 298213
March 2028 277719 252447 302992
April 2028 277516 253094 301937
May 2028 277462 259149 295774
June 2028 278883 253505 304261
July 2028 281189 261506 300873
August 2028 283515 258849 308180
September 2028 285859 257559 314159
October 2028 287699 258929 316469
November 2028 288986 261821 316151
December 2028 290023 264791 315255
Homewood Housing Market Forecast with Real Estate Prices for 2029
January 2029 291093 267223 314963
February 2029 291672 273005 310339
March 2029 292141 275781 308501
April 2029 292119 263783 320455
May 2029 294535 276274 312796
June 2029 294083 271439 316727
July 2029 293677 275469 311884
August 2029 293598 275395 311802
September 2029 293182 277057 309307
October 2029 292540 277621 307460
November 2029 293162 265312 321013
December 2029 295587 273418 317756
Homewood Housing Market Forecast with Real Estate Prices for 2030
January 2030 298031 272997 323066
February 2030 300496 274353 326639
March 2030 302981 281166 324795
April 2030 305261 289693 320830
May 2030 305734 288307 323161
June 2030 305940 277793 334086
July 2030 306563 289089 324037
August 2030 308955 290727 327183
September 2030 311510 288770 334250
October 2030 314086 296183 331989
November 2030 316683 295149 338218
December 2030 319302 302379 336225
Homewood Housing Market Forecast with Real Estate Prices for 2031
January 2031 321943 295543 348342
February 2031 323459 292731 354188
March 2031 323318 301009 345627
April 2031 322693 299782 345604
May 2031 321088 294438 347739
June 2031 319266 297556 340976
July 2031 318071 288808 347333
August 2031 317223 301362 333084
September 2031 316122 291781 340463
October 2031 315400 295845 334954
November 2031 315713 289824 341601
December 2031 317014 297042 336986
Homewood Housing Market Forecast with Real Estate Prices for 2032
January 2032 318459 288206 348713
February 2032 319745 290328 349161
March 2032 321499 298351 344647
April 2032 323336 293589 353083
May 2032 324224 294071 354377
June 2032 324613 298320 350907
July 2032 324071 302035 346108

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.