The Chicago real estate market as seen by a local appraiser
Wednesday, August 13, 2014
Homewood, 60430 - Current real estate market
Real estate appraiser Michael Walsh recently performed a single family appraisal in Homewood and has compiled these statistics. According to MRED MLS statistics for the last twelve months for MLS area 430 Homewood, the median sales price for Detached Housing increased +16.0%, average marketing time declined -11.0% to 113 days on the market, and there is currently a 5.0 month supply of inventory. This level is considered a oversupply. REO & Short Sales account for approximately 34% of total sales.