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Featured local agent — Homestead, PA
Sarah Mitchell
Compass Real Estate · Homestead, PA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Homestead, PA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$133,251median sale price
How is the Homestead, PA housing market right now?
The median home sale price in Homestead, PA is $133,251, up 0.9% year-over-year. Homes sell in an average of 149 days with 22 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 Homestead a buyer's or seller's market?
Homestead, PA is currently a leaning buyer's, based on 22.0 months of supply and homes selling in about 149 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
149
Average pace
Active listings
22
22.0 months supply
Sale-to-list
104.1%
Above asking
What does the Homestead housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $133,251 |
| Median list price | $162,450 |
| Year-over-year price change | +0.9% |
| Average days on market | 149 days |
| Active inventory | 22 listings |
| Months of supply | 22.0 months |
| Sale-to-list price ratio | 104.1% |
| Median price per sq ft | $153/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 45.5% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Homestead by property type?
How the Homestead, PA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $133,251 | $153/sq ft | 1 | 149 days |
Source: Redfin · Updated monthly
The Homestead housing market is currently classified as a leaning buyer's with a median sale price of $133,251. Prices have risen 0.9% compared to last year, with homes spending an average of 149 days on market, indicating 22.0 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 2.0x provides context for how home values compare to local earning capacity.
Homes for sale in Homestead
There are currently 22 homes listed for sale in Homestead, Pennsylvania. The median listing price is $162K.
Active listings
22
Homes on market
Median list price
$162K
Avg. days on market
149
Days until sale
New this week
2
Newly listed
Who lives in Homestead?
Population
2,885
Median income
$38,661/yr
Median age
49.3 years
Owner-occupied
37.0%
College grads
21.5%
Avg commute
29.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Homestead?
Zillow home value
$78,905
Zillow rent index
$1,285/mo
Price-to-rent ratio
5.1x
Price-to-income
2.0x
Source: Zillow Research
What is it like to live in Homestead?
Homestead is a community of approximately 3K residents with a median age of 49.3 years.The median household income is $38,661, which represents a working-class community with solid middle-income opportunities. 21.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 37.0%, showing a blend of owner and renter-occupied properties. The average commute time is 29.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Homestead offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Homestead?
2 schools tracked · 723 students
The largest public schools serving Homestead, PA 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.
Propel CS-Homestead
Grades K-12 · 517 students
Barrett El Sch
Grades K-4 · 206 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 Homestead, PA?
Want a head-to-head view? Compare Homestead side-by-side with any other U.S. city using our market-comparison tool.
Is Homestead a good real estate investment market?
For investors evaluating Homestead, the price-to-rent ratio of 5.1x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 0.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Homestead's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Homestead's median home price.
Frequently asked questions
What is the average home price in Homestead?
The median home sale price in Homestead is $133,251, up 0.9% from last year.
How long do homes stay on market in Homestead?
Homes typically spend 149 days on market before going under contract.
What is the median income in Homestead?
The median household income is $38,661 per year.
Is Homestead a buyer's or seller's market?
With 22.0 months of supply, Homestead is currently a leaning buyer's.
What is the Zillow home value estimate for Homestead?
The Zillow Home Value Index (ZHVI) for Homestead is $78,905, representing the typical home value in the area.
How much does a single-family home cost in Homestead?
The median single-family home price in Homestead, PA is $133,251 (about $153 per square foot).
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