Is Homer, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Homer has remained a Seller's Market.
Housing Prices in Homer, IL
How much do homes in Homer, IL cost?
Median Sold Price
$151,400
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Homer was $151,400 in March 2024, up 23.6% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $105K | $116K | +10.5% |
3 Bedrooms | $132K | $159K | +20.5% |
4 Bedrooms | $42.1K | $170K | +303.3% |
5+ Bedrooms | $163K | $93.5K | -42.6% |
Summary: Homer housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 303.3%, and 5+ bedroom homes decreased by 42.6%.
Median Sold Price Compared To Nearby Cities
Homer | $122.5K | $151.4K | +23.6% |
South Homer Township | $134.9K | $147.5K | +9.3% |
Housing Supply in Homer, IL
How many homes are available in Homer, IL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Summary: The Homer real estate market had 5 homes for sale in March 2024, a 25.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 3 | 0.0% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Homer housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Homer in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Homer, IL
How long does it take to sell a home in Homer, IL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
171 Days | 45 Days | -73.7% |
Summary: Homes in Homer had an average of 45 days on market in Mar 2024, down by 73.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Homer; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.