Is Homer, MI 49245 a buyer’s or seller’s market?
Homer is a seller’s market. With about 3.8 months of supply and 18% 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 housing market right now
In the three months ending August 31, 2026, 18% of homes in Homer, MI 49245 sold above their list price, the typical home went under contract in 28 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (57 days then) and the median sale price rose 56% to $199,913. Overall, Homer is more competitive than a year ago, so tougher for buyers.
Within Calhoun County, homes here sell more slowly than in 82% of the county’s ZIP codes, and sell less often over asking than in 73%.
Nearby, buyers who want less competition could look at Ceresco 49033 (0% sold over asking) or Burlington 49029 (0% sold over asking), while East Leroy 49051 (60% sold over asking) and Tekonsha 49092 (50% sold over asking) are even more competitive.
Run the numbers for 49245
Nearby markets
Albion 49224Seller’s market $127 /sq ftAthens 49011Seller’s market $139 /sq ftBattle Creek 49014Seller’s market $166 /sq ftBattle Creek 49015Seller’s market $140 /sq ft Browse all markets →Towns like Homer nearby
Find towns like Homer in other states →Where Homer is
Loading map…
Questions about Homer real estate
Is Homer a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in Homer, MI 49245 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?
The typical home went under contract in 28 days in the latest three months.
Do homes in Homer sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Homer?
About 1.45% of a home’s value a year in Calhoun County, or roughly $5,800 on a $400,000 home.
What is the median home price in Homer?
The median sale price was $199,913 in the three months ending August 31, 2026, about $140 per square foot.
Local agents
See all agents in 49245 →No sponsored agents in 49245 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 49245
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology