Is Homer, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Homer is a seller's market

Buyer's
Market

Difference Since November 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, NY

How much do homes in Homer, NY cost?

Median Sold Price

$188,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2,000(-1.1%)

Key Takeaway

Homes in Homer have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Homer was $188,000 in November 2024, down 1.1% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $442.4K$156.4K
-64.6%
3 $157.5K$179.2K
+13.8%
4 $224.9K$205.7K
-8.5%
5+ $279.5K$228K
-18.4%

Summary: Homer housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 64.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 18.4%.

Median Sold Price Compared To Nearby Cities

Cortlandville
+24.3%
Homer
-1.1%

Housing Supply in Homer, NY

How many homes are available in Homer, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1311-15.4%

Summary: The Homer real estate market had 11 homes for sale in November 2024, a 15.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 86
-25.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Homer housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+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

Asking vs Sold - buyer

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 2 homes were sold or pending in Homer in November 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, NY

How long does it take to sell a home in Homer, NY?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days4 Days-82.0%

Summary: Homes in Homer had an average of 4 days on market in Nov 2024, down by 82% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Homer are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Homer; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Homer, NY

Nearby Markets to Homer, NY

What housing markets are near Homer, NY?