Is Homer City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Homer City was a Buyer's Market.
Key Takeaway
Homer City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Homer City, PA
How much do homes in Homer City, PA cost?
Median Sold Price
$127,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Homer City have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Homer City was $127,000 in May 2024, up 1.9% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $23.7K | N/A |
| 2 Bedrooms | $60K | $84.9K | +41.6% |
| 3 Bedrooms | $126K | $183K | +45.2% |
| 4 Bedrooms | $96K | $148.1K | +54.3% |
| 5+ Bedrooms | - | $102.5K | N/A |
Summary: Homer City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.6%, 3 bedroom homes increased by 45.2%, 4 bedroom homes increased by 54.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Center Township | $85.3K | $110K | +28.9% |
| Homer City | $124.6K | $127K | +1.9% |
Housing Supply in Homer City, PA
How many homes are available in Homer City, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Summary: The Homer City real estate market had 14 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Homer City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Homer City, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Homer City in May 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Homer City, PA
How long does it take to sell a home in Homer City, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 12 Days | -77.4% |
Summary: Homes in Homer City had an average of 12 days on market in May 2024, down by 77.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Homer City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Homer City; 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.
