$2,553 Closing Credit*
$215,000
2,538 SqFt
4 Beds
•2 Full Baths
Anna Holland, Listing Office: EXP Realty
Is Homer Township, 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 Township has remained a Seller's Market.
Key Takeaway
Homer Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Homer Township, MI
How much do homes in Homer Township, MI cost?
Median Sold Price
$160,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$15,000(+10.3%)
Key Takeaway
Homes in Homer Township have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Homer Township was $160,000 in September 2024, up 10.3% 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 | $144.9K | $167.5K | +15.6% |
| 4 Bedrooms | $145K | $132.5K | -8.6% |
| 5+ Bedrooms | $270K | $370K | +37.0% |
Summary: Homer Township 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 15.6%, 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 Township, MI
How many homes are available in Homer Township, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Homer Township 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 Township 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 Township, 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 Township 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 Township, MI
How long does it take to sell a home in Homer Township, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 83 Days | 56 Days | -32.0% |
Summary: Homes in Homer Township 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 Township has remained consistent over time.
Summary: During September 2024, 4 homes were sold in Homer Township; 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.
