Hometown, IL, Real Estate
Hometown, Illinois, is a small, tight-knit suburban city located just southwest of Chicago in Cook County. With a population of around 4,300, this charming community, incorporated in 1953, spans less than half a square mile, creating a cozy, neighborly atmosphere. Known for its affordable housing and well-maintained parks, Hometown offers residents a peaceful retreat from the bustling city nearby while maintaining easy access to Chicago’s amenities. The city’s unique cooperative housing model, one of the few in the region, fosters a strong sense of community pride and togetherness among its residents.
Hometown currently has 2 townhouses for sale with an average list price of $244,387.50 and 16 condos for sale with an average list price of $236,543.75. The average annual property tax for Hometown is $3,268.45.
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Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Hometown, i.e. what's hot and what's not.
See What's Hot & What's Not in Hometown
Market Trends
Hometown home sales for the month of August rose in volume by 166.7% when compared to last year, while the median sale price rose by 4.5% from $210,000 to $219,500. House sales stayed the same, while the median sale price stayed the same. Condo sales rose by 66.7%, while the median sale price rose by 3.3% from $210,000 to $217,000. Townhouse sales stayed the same, while the median sale price stayed the same.
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84
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74
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52
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38
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| 2021 | 2022 | 2023 | 2024 |
| # of sales per year | |||
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$180,000
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$181,250
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$197,000
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$216,000
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| 2021 | 2022 | 2023 | 2024 |
| median sale price per year | |||
Median Sale Price for Hometown
Number of Sales for Hometown
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