Is Homer, AK 99603 a buyer’s or seller’s market?

The Homer housing market right now

In the three months ending August 31, 2026, 26% of homes in Homer, AK 99603 sold above their list price, the typical home went under contract in 18 days and there were 5.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 39 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 3%, homes sold faster (54 days then) and the median sale price fell 7% to $449,306. Overall, Homer is more competitive than a year ago, so tougher for buyers.

Within Kenai Peninsula Borough, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 70%. On our competition score, Homer ranks #22 of 31 AK ZIP codes with enough sales (score 48 out of 100).

Nearby, buyers who want less competition could look at Seldovia 99663 (0% sold over asking) or Ninilchik 99639 (0% sold over asking), while Kenai 99611 (34% sold over asking) and Seward 99664 (30% sold over asking) are even more competitive.