In October 2017, there were 40 homes sold, with a median sale price of $142,000 - a 9.9% increase over the $129,250 median sale price for the same period of the previous year. There were 36 homes sold in Homewood in October 2016.
The median sales tax in Homewood for 2017 was $4,741. In 2016, the median sales tax was $4,673. This marks an increase of 1.5%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.3%.
The following table compares Homewood to other Cook County cities with similar median sales prices in October 2017:
| City | Oct. 2017 Home Sales | Oct. 2016 Home Sales | % change (Total Home Sales) | Oct. 2017 Median Sales Price | Oct. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Buffalo Grove | 28 | 26 | 7.7% | $156,250 | $199,750 | -21.8% |
| Lyons | 16 | 16 | 0% | $156,000 | $124,500 | 25.3% |
| Maywood | 23 | 22 | 4.5% | $151,000 | $85,500 | 76.6% |
| Schiller Park | 15 | 11 | 36.4% | $145,000 | $195,000 | -25.6% |
| Berkeley | 8 | 3 | 166.7% | $142,750 | $79,500 | 79.6% |
| Homewood | 40 | 36 | 11.1% | $142,000 | $129,250 | 9.9% |
| Worth | 14 | 14 | 0% | $137,750 | $174,500 | -21.1% |
| Midlothian | 36 | 28 | 28.6% | $137,000 | $120,500 | 13.7% |
| South Chicago Heights | 5 | 4 | 25% | $136,000 | $71,750 | 89.5% |
| Palos Hills | 27 | 19 | 42.1% | $134,000 | $161,000 | -16.8% |
| Summit | 8 | 9 | -11.1% | $132,500 | $85,000 | 55.9% |
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