$2,611 Closing Credit*
$219,900
2,622 SqFt
2 Beds
•1 Full Bath, 1 Partial
Dana Decker, Listing Office: Berkshire Hathaway HomeServices Heritage Realty
Is Homer, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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, NY
How much do homes in Homer, NY cost?
Median Sold Price
$190,500
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$19,500(-9.3%)
Key Takeaway
Homes in Homer have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in Homer was $190,500 in December 2024, down 9.3% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $347.4K | $142.5K | -59.0% |
| 3 Bedrooms | $157.5K | $195K | +23.8% |
| 4 Bedrooms | $231.7K | $195K | -15.8% |
| 5+ Bedrooms | $279.5K | $228K | -18.4% |
Summary: Homer housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 59%, 3 bedroom homes increased by 23.8%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Cortlandville | $180.5K | $220K | +21.9% |
| Homer | $210K | $190.5K | -9.3% |
Housing Supply in Homer, NY
How many homes are available in Homer, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 7 | -41.7% |
Summary: The Homer real estate market had 7 homes for sale in December 2024, a 41.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 2 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Homer housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 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, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Homer in December 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 28 Days | 7 Days | -75.7% |
Summary: Homes in Homer had an average of 7 days on market in Dec 2024, down by 75.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 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.