General Real Estate; Real Estate Sales Statistics; Hometown IL @ 30 Sep 2008 11:45 pm by judyorr
Hometown IL is different than most southwest Chicago suburbs since it is made up of mostly duplex style properties. I believe there are around 7 single family residences in Hometown so it’s difficult to find a true comparison from one year to the next.
- In 2006 one single family home was sold for $204,000
- Not one single family property was sold in 2007
Because of the small amount of detached homes in Hometown it is difficult to make a true year-to-year comparison.
However, we can certainly compare the Hometown duplexes as follows:
2006 - there were 64 duplexes sold at an average sales price of $158,553
2007 - there were 55 duplexes sold at an average sales price of $160,955
That is a decrease of 14.1% in total duplexes sold from 2006-2007 but unlike many surrounding suburbs there was a 1.5% average price increase. It’s nice to see that Hometown duplexes not only held their prices but had a small increase. I believe that because Hometown is such an affordable alternative to those looking for a condo or townhouse that there is always going to be buyers looking in this special little town.
Go to the website page for Hometown IL Sales Statistics to see information from 2005. Or search the Hometown MLS if you’d like to compare a Hometown duplex to a local condominium. With Hometown you get your own yard and can decorate your place and have pets without a monthly maintenance fee.
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