Is Homer, IL 61849 a buyer’s or seller’s market?

The Homer housing market right now

In the three months ending August 31, 2026, 25% of homes in Homer, IL 61849 sold above their list price, the typical home went under contract in 102 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold more slowly (43 days then) and the median sale price fell 37% to $115,200. Overall, Homer is less competitive than a year ago, which gives buyers more room.

Within Champaign County, homes here sell more slowly than in 92% of the county’s ZIP codes, and sell more often over asking than in 58%.

Nearby, buyers who want less competition could look at Thomasboro 61878 (0% sold over asking) or Philo 61864 (0% sold over asking), while Dewey 61840 (100% sold over asking) and Fisher 61843 (67% sold over asking) are even more competitive.