$2,374 Closing Credit*
$199,900
2,004 SqFt
3 Beds
•1 Full Bath
Kristopher Buchan, Listing Office: Tompkins Cortland Real Estate
Is Homer, NY 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 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, NY
How much do homes in Homer, NY cost?
Median Sold Price
$188,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,000(-1.1%)
Key Takeaway
Homes in Homer have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Homer was $188,000 in November 2024, down 1.1% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $442.4K | $156.4K | -64.6% |
| 3 Bedrooms | $157.5K | $179.2K | +13.8% |
| 4 Bedrooms | $224.9K | $205.7K | -8.5% |
| 5+ Bedrooms | $279.5K | $228K | -18.4% |
Summary: Homer 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 64.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 8.5%, and 5+ bedroom homes decreased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Cortlandville | $181K | $225K | +24.3% |
| Homer | $190K | $188K | -1.1% |
Housing Supply in Homer, NY
How many homes are available in Homer, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Homer real estate market had 11 homes for sale in November 2024, a 15.4% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was 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 may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Homer in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 4 Days | -82.0% |
Summary: Homes in Homer had an average of 4 days on market in Nov 2024, down by 82% compared to last year.
Breakdown of Home Sale Times
2 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 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 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.
