$10,000 Closing Credit*
$1,000,000
3 Beds
•2 Full Baths
#24-11923, Listing Office: Red Knot Real Estate
Housing Prices in Homer, AK
How much do homes in Homer, AK cost?
Median List Price
$500,000
$251/sqft
Based on all homes listed in the last 12 months.
Difference Since August 2023
+$20,000(+4.2%)
Key Takeaway
The list price of homes in Homer has increased by 4.2% since last year.
Summary: The median home list price in Homer was $500,000 in August 2024, up 4.2% from the previous year, and the median price per square foot was $251.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $250K | 0.0% |
| 2 Bedrooms | $384.4K | $410K | +6.6% |
| 3 Bedrooms | $497K | $489K | -1.6% |
| 4 Bedrooms | $532.5K | $649K | +21.9% |
| 5+ Bedrooms | $562K | $832K | +48.0% |
Summary: Homer housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.6%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 48%.
Median List Price Compared To Nearby Cities
| Kenai-Cook Inlet | $349.9K | $388.4K | +11.0% |
| Homer | $480K | $500K | +4.2% |
Housing Supply in Homer, AK
How many homes are available in Homer, AK?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 112 | 125 | +11.6% |
Summary: The Homer real estate market had 125 homes for sale in August 2024, a 11.6% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 10 | 0.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 43 | 48 | +11.6% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 21 | 30 | +42.9% |
Summary: The Homer housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 42.9%.
Days on Market for Homer, AK
How long does it take to sell a home in Homer, AK?
Average Listing Age
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 157 Days | 110 Days | -30.1% |
Summary: Homes in Homer had an average listing age of 110 days in Aug 2024, down by 30.1% compared to the previous year.
