$1,120 Closing Credit*
$94,299
1,056 SqFt
2 Beds
•2 Full Baths
Heather Lowry - The Tyler Thompson Group, Listing Office: Realty One Group Landmark
Is Homer City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Homer City was a Buyer'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
$143,860
$84/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$172,840(-54.6%)
Key Takeaway
Homes in Homer City have sold for 54.6% less than they did a month ago.
Summary: The median home sold price in Homer City was $143,860 in October 2024, down 54.6% from last month, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $316.7K | $143.6K | -54.7% |
| 4 Bedrooms | - | $250.4K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Homer City housing prices by bedroom type for October 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 decreased by 54.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Center Township | $156K | $250.4K | +60.5% |
| Homer City | $316.7K | $143.8K | -54.6% |
Housing Supply in Homer City, PA
How many homes are available in Homer City, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Summary: The Homer City real estate market had 13 homes for sale in October 2024, a 44.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Homer City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were 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 may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Homer City in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 52 Days | +303.8% |
Summary: Homes in Homer City had an average of 52 days on market in Oct 2024, up by 303.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Homer City has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Homer City; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
