Is Homer, IN 46146 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Homer is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Homer housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Rush County, IN

Population	143
Median income	$75,417
Average income	$72,310
Median home value	$143,800
Owner-occupied	44% of homes
Median year built	1938

Natural hazard riskTornadoes (relatively high), winter storms (moderate), hail (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 46146; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 46146

Prefilled for 46146Can I win this house?Multiple-offer likelihood for a listing Prefilled for 46146Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Arlington 46104Balanced $134 /sq ft Carthage 46115Balanced $147 /sq ft Glenwood 46133 $48 /sq ft Manilla 46150 — /sq ft Browse all markets →

Where Homer is

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Questions about Homer real estate

What are property taxes in Homer?

About 0.65% of a home’s value a year in Rush County, or roughly $2,600 on a $400,000 home.

Local agents

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More tools for 46146

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Rush County property taxes Rush County loan limits Closing costs in Indiana Hottest ZIP codes in Indiana

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology