Comprehensive market data and analysis• Updated Dec 2025
22.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 2 | 5 |
| 1-2 acres | - | - | 1 | 3 |
| 2-5 acres | 1 | 1 | 1 | 1 |
| 5-10 acres | - | 1 | 1 | 3 |
| 10-20 acres | - | - | 1 | 2 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 1 | 4 | 6 | 15 |
Acreage buckets
The median price for land in Homer Glen, Illinois is currently $117K per acre. For a typical parcel, the median sale price is $340K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $170K while premium lots reached $951K.
Homer Glen, Illinois is currently a strong buyer's market with 22.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Homer Glen, Illinois currently has 22.5 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in Homer Glen, Illinois is 4.4%. The 12-month rate is 4.2%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Homer Glen, Illinois saw 15 properties sold, totaling $16.9M in sales volume. In just the last 3 months, 4 properties changed hands.
Land in Homer Glen, Illinois averages $294K per acre. The median price per acre is $117K, which may be more representative of typical transactions. Most parcels sold are around 1.4 acres.
There are currently 30 active listings in Homer Glen, Illinois. 3 new listings have hit the market in the last 90 days. The median asking price is $329K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
