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Featured local agent — Homer, IL
Sarah Mitchell
Compass Real Estate · Homer, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Homer, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$230,000median sale price
How is the Homer, IL housing market right now?
The median home sale price in Homer, IL is $230,000, up 98.3% year-over-year. Homes sell in an average of 58 days with 4 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Homer a buyer's or seller's market?
Homer, IL is currently a leaning buyer's, based on 4.0 months of supply and homes selling in about 58 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
58
Average pace
Active listings
4
4.0 months supply
Sale-to-list
100.0%
Above asking
What does the Homer housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $230,000 |
| Median list price | $127,450 |
| Year-over-year price change | +98.3% |
| Average days on market | 58 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $119/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 25.0% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Homer by property type?
How the Homer, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $230,000 | $119/sq ft | 1 | 58 days |
Source: Redfin · Updated monthly
The Homer housing market is currently classified as a leaning buyer's with a median sale price of $230,000. Prices have risen 98.3% compared to last year, with homes spending an average of 58 days on market, indicating 4.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.5x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Homer
There are currently 4 homes listed for sale in Homer, Illinois. The median listing price is $127K.
Active listings
4
Homes on market
Median list price
$127K
Avg. days on market
58
Days until sale
New this week
2
Newly listed
Who lives in Homer?
Population
1,130
Median income
$75,833/yr
Median age
34.3 years
Owner-occupied
78.4%
College grads
14.3%
Avg commute
26.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Homer?
Zillow home value
$186,062
Price-to-income
2.5x
Source: Zillow Research
What is it like to live in Homer?
Homer is a community of approximately 1K residents with a median age of 34.3 years.The median household income is $75,833, which reflects a relatively affluent area with strong earning potential. 14.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Homer offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Homer?
1 schools tracked · 259 students
The largest public schools serving Homer, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Heritage JH and Elem Sch
Grades PK-8 · 259 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Homer, IL?
Want a head-to-head view? Compare Homer side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Homer?
The median home sale price in Homer is $230,000, up 98.3% from last year.
How long do homes stay on market in Homer?
Homes typically spend 58 days on market before going under contract.
What is the median income in Homer?
The median household income is $75,833 per year.
Is Homer a buyer's or seller's market?
With 4.0 months of supply, Homer is currently a leaning buyer's.
What is the Zillow home value estimate for Homer?
The Zillow Home Value Index (ZHVI) for Homer is $186,062, representing the typical home value in the area.
How much does a single-family home cost in Homer?
The median single-family home price in Homer, IL is $230,000 (about $119 per square foot).
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