Is Homer City, PA 15748 a buyer’s or seller’s market?
Homer City is a seller’s market. With about 2.9 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Homer City housing market right now
In the three months ending August 31, 2026, 33% of homes in Homer City, PA 15748 sold above their list price, the typical home went under contract in 44 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 12 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (33% then), homes sold more slowly (42 days then) and the median sale price rose 58% to $198,414. Overall, Homer City is about as competitive as it was a year ago.
Within Indiana County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 71%.
Nearby, buyers who want less competition could look at Robinson 15949 (0% sold over asking) or Armagh 15920 (0% sold over asking), while Strongstown 15957 (100% sold over asking) and Beyer 16211 (100% sold over asking) are even more competitive.
Run the numbers for 15748
Nearby markets
Armagh 15920 $29 /sq ftAultman 15713 — /sq ftBeyer 16211 $130 /sq ftBlairsville 15717Seller’s market $100 /sq ft Browse all markets →Towns like Homer City nearby
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Questions about Homer City real estate
Is Homer City a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Homer City, PA 15748 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Homer City?
The typical home went under contract in 44 days in the latest three months.
Do homes in Homer City sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 96.3% of the list price.
What are property taxes in Homer City?
About 1.50% of a home’s value a year in Indiana County, or roughly $6,000 on a $400,000 home.
What is the median home price in Homer City?
The median sale price was $198,414 in the three months ending August 31, 2026, about $125 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology