$1,722 Closing Credit*
$145,000
1,936 SqFt
4 Beds
•1 Full Bath
Staci Wicke, Listing Office: DeLong and Co.
Is Homer, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$147,500
$129/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$22,500(+18.0%)
Key Takeaway
Homes in Homer have sold for 18% more than they did a month ago.
Summary: The median home sold price in Homer was $147,500 in November 2024, up 18% from last month, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $170K | N/A |
| 3 Bedrooms | $125K | $125K | 0.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Homer housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Homer | $125K | $147.5K | +18.0% |
| Homer Township | $125K | $147.5K | +18.0% |
Housing Supply in Homer, MI
How many homes are available in Homer, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Homer real estate market had 9 homes for sale in November 2024, a 25.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
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 decreased by 33.3%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Homer, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Homer in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 Days | 94 Days | +2477.3% |
Summary: Homes in Homer had an average of 94 days on market in Nov 2024, up by 2477.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
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; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
