$1,722 Closing Credit*
$145,000
1,936 SqFt
4 Beds
•1 Full Bath
Staci Wicke, Listing Office: DeLong and Co.
Is Homer Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$170,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$4,900(-2.8%)
Key Takeaway
Homes in Homer Township have sold for 2.8% less than they did a year ago.
Summary: The median home sold price in Homer Township was $170,000 in November 2024, down 2.8% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $200K | $145K | -27.5% |
| 3 Bedrooms | $158K | $170K | +7.6% |
| 4 Bedrooms | $227.5K | $285K | +25.3% |
| 5+ Bedrooms | $339.9K | $517.5K | +52.3% |
Summary: Homer Township 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 27.5%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes increased by 52.3%.
Median Sold Price Compared To Nearby Cities
| Midland | $215.5K | $240K | +11.4% |
| Midland Charter Township | $216K | $240K | +11.1% |
| Lincoln Township | $162.5K | $179K | +10.2% |
| Homer Township | $174.9K | $170K | -2.8% |
Housing Supply in Homer Township, MI
How many homes are available in Homer Township, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Summary: The Homer Township real estate market had 15 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Homer Township 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 25%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
4 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 Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Homer Township in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 61 Days | +296.8% |
Summary: Homes in Homer Township had an average of 61 days on market in Nov 2024, up by 296.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Homer Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Homer Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
