$2,553 Closing Credit*
$215,000
2,538 SqFt
4 Beds
•2 Full Baths
Anna Holland, Listing Office: EXP Realty
Is Homer, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Homer has remained a Seller's Market.
Key Takeaway
Homer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Homer, MI
How much do homes in Homer, MI cost?
Median Sold Price
$157,500
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$12,500(+8.6%)
Key Takeaway
Homes in Homer have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Homer was $157,500 in September 2024, up 8.6% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $72K | $145K | +101.4% |
| 3 Bedrooms | $139.9K | $165K | +17.9% |
| 4 Bedrooms | $145K | $132.5K | -8.6% |
| 5+ Bedrooms | $270K | $370K | +37.0% |
Summary: Homer housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 101.4%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 37%.
Median Sold Price Compared To Nearby Cities
| Albion Township | $124K | $140K | +12.9% |
| Homer Township | $145K | $160K | +10.3% |
| Homer | $145K | $157.5K | +8.6% |
Housing Supply in Homer, MI
How many homes are available in Homer, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Homer real estate market had 10 homes for sale in September 2024, a 9.1% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Homer housing inventory by bedroom type for September 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 decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homer, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Homer in September 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Homer, MI
How long does it take to sell a home in Homer, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 83 Days | 56 Days | -32.0% |
Summary: Homes in Homer had an average of 56 days on market in Sep 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Homer has remained consistent over time.
Summary: During September 2024, 4 homes were sold in Homer; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
