Homer Housing Market: Stats & Trends

How does the housing market look in Homer? Take a look at up-to-date home sale trends like the latest home sale prices, new listings, and more.

Median Sale Price

$450,000

55.8%

New Listings

20.0%

Number of Homes Sold

100.0%

Median Days on Market

119.5%

Market Overview

Based on home data between May 27, 2022 and June 26, 2022, homes for sale in Homer, GA sold for a median price of $450,000, up 55.8% compared to the same period last year. The median price per square foot was $214.93, up 20.7% year-over-year. There were 10 homes sold, up from 5 last year.

What does this mean?

The median sale price helps you understand how much you should expect to spend on a home in a market. The higher the median price of the homes, the more expensive the market is overall. The rate at which home prices change is an indicator of whether homes are becoming more or less affordable in that market. Learn more about buying a home.

Real Estate Market Report Home Valuation Illustration

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Housing Supply

On June 26, 2022, the total number of homes for sale in Homer, GA was 17, up 13.3% compared to last year. Based on home data between May 27, 2022 and June 26, 2022, 6 new homes were listed for sale, up 20% year-over-year. The median days on market was 30, up from 13.67 days last year. The months of supply was 0.8, down from 2 months last year.

What does this mean?

The number of homes that are available for sale in a market tells you how much choice you have. The rate at which this number changes indicates whether the number of options are increasing or decreasing for buyers. Learn more about buying in a hot market.

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Housing Demand

Based on home data between May 27, 2022 and June 26, 2022, homes in Homer, GA had a median sale-to-list-price ratio of 93.82%, down 3.9 pt compared to the same period last year. 30% of homes sold above list price, down 10 pt year-over-year. 40% of homes listed dropped in price, same as last year.

What does this mean?

Sale-to-list price tells you how much you may have to pay over the asking price to buy the home you want. When this number is above 100%, you may need to pay more than the asking price for the home you want.