$177 Closing Credit*
$14,900
1,316 SqFt
3 Beds
•1 Full Bath
Michael Kusenko, Listing Office: Meridian Real Estate Group
Is Homer City, PA 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 City has remained a Seller's Market.
Key Takeaway
Homer City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Homer City, PA
How much do homes in Homer City, PA cost?
Median Sold Price
$142,500
$97/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,500(+9.6%)
Key Takeaway
Homes in Homer City have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Homer City was $142,500 in November 2024, up 9.6% from last year, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $23.7K | - | N/A |
| 2 Bedrooms | $110K | $72K | -34.5% |
| 3 Bedrooms | $153.4K | $183K | +19.3% |
| 4 Bedrooms | $131K | $315K | +140.5% |
| 5+ Bedrooms | $127K | $78K | -38.6% |
Summary: Homer City 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 34.5%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 140.5%, and 5+ bedroom homes decreased by 38.6%.
Median Sold Price Compared To Nearby Cities
| Homer City | $130K | $142.5K | +9.6% |
| Center Township | $110K | $115K | +4.5% |
Housing Supply in Homer City, PA
How many homes are available in Homer City, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Homer City real estate market had 10 homes for sale in November 2024, a 16.7% 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 | 4 | +100.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Homer City 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 increased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was 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 City, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Homer City in November 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Homer City, PA
How long does it take to sell a home in Homer City, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 13 Days | -75.7% |
Summary: Homes in Homer City had an average of 13 days on market in Nov 2024, down by 75.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Homer City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Homer City; 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.
