$429,000
16.60 Acres
Land
Sang Kyung Lee, Listing Office: C Land Realty Co
Is Homer, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Homer was a Seller's Market.
Key Takeaway
Homer is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Homer, GA
How much do homes in Homer, GA cost?
Median Sold Price
$389,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,555(+8.2%)
Key Takeaway
Homes in Homer have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Homer was $389,500 in October 2024, up 8.2% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60.5K | $190K | +214.0% |
| 2 Bedrooms | $320K | $305K | -4.7% |
| 3 Bedrooms | $357.4K | $323.5K | -9.5% |
| 4 Bedrooms | $343.9K | $420K | +22.1% |
| 5+ Bedrooms | $486.7K | $399K | -18.0% |
Summary: Homer housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 214%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes decreased by 18%.
Housing Supply in Homer, GA
How many homes are available in Homer, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 38 | +5.6% |
Summary: The Homer real estate market had 38 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Homer housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 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. 60% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Homer in October 2024, up by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Homer, GA
How long does it take to sell a home in Homer, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 16 Days | -65.3% |
Summary: Homes in Homer had an average of 16 days on market in Oct 2024, down by 65.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Homer are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Homer; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.