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HOMER, IL 61849

Real Estate Market Report
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The HOMER, IL real estate market (61849) currently shows 4 active listings, with 2 pending sales. Homes are averaging 54 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 54 days on market compared to 17 days last year.

The median listing price has risen 275.9% year-over-year, from $29,900 to $112,400.

Whether you are buying or selling in HOMER, IL, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,955  ·  Density: 13.0/mi²  ·  Median household income: $84,712

Typical home value: $156,882  ·  Homeownership: 88.9%

Market Overview

Active Listings
4
⇧ 33.3% vs 3 last year
Pending
2
50% pending ratio
Median Price
$112,400
⇧ 275.9% vs $29,900 last year
Average Price
$112,400
⇧ 275.9% vs $29,900 last year
Days on Market
54
⇧ 217.6% vs 17 days last year

Price Per Square Foot

Median $/sqft
$92
⇧ 268% vs $25/sqft last year
Median Home Size
1,345 sqft
Typical listing size
12-Month $/sqft Trend

Sale-to-List Price Dynamics

At Original Price
99%
Listings with no price change
Price Reduced
1%

Based on listing price changes before sale/pending as a proxy for sale-to-list dynamics. Source: Realtor.com.

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 4 this year vs 3 last year
  • Days on market: 54 now vs 17 last year

Median & Average Pricing

Year over Year
  • Median: $112,400 (+275.9% YoY)
  • Average: $112,400 (+275.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 18.6 miles — 146 listings ($38,666,142 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
61849Homer, IL 618490.0 mi4$684,532$139,500$171,133
61816Broadlands, IL 618166.4 mi1$34,900$34,900$34,900
61859Ogden, IL 618599.6 mi2$742,600$454,900$371,300
61873Saint Joseph, IL 618739.8 mi9$2,707,128$288,725$300,792
61871Royal, IL 6187112.5 mi2$519,800$259,900$259,900
61850Indianola, IL 6185012.9 mi1$39,900$39,900$39,900
61858Oakwood, IL 6185813.3 mi5$812,250$162,450$162,450
61956Villa Grove, IL 6195614.6 mi12$1,522,848$85,000$126,904
61880Tolono, IL 6188015.2 mi5$1,571,625$316,200$314,325
61820Champaign, IL 6182016.5 mi26$8,667,724$168,950$333,374
61812Armstrong, IL 6181217.5 mi1$150,875$150,875$150,875
61821Champaign, IL 6182118.0 mi76$20,516,960$202,950$269,960
61919Camargo, IL 6191918.6 mi2$695,000$347,500$347,500

Frequently Asked Questions

How many homes are for sale in HOMER, IL 61849?

As of March 2026, there are 4 active listings in HOMER, IL (zip code 61849), compared to 3 the prior year.

What is the median home price in HOMER, IL 61849?

The median listing price in HOMER, IL 61849 is $112,400 as of March 2026, a 275.9% increase from $29,900 the prior year.

How long do homes stay on the market in HOMER, IL?

Homes in HOMER, IL 61849 spend an average of 54 days on the market before going under contract, compared to 17 days the prior year.

Is it a seller's or buyer's market in HOMER, IL 61849?

Based on current inventory and days-on-market data as of March 2026, HOMER, IL 61849 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 54 days on market compared to 17 days last year.

How much can I save on real estate commission in HOMER, IL?

With SELL123.com's maximum 3% commission, sellers in HOMER, IL 61849 save an estimated $2,248 compared to a typical 5% commission on the median listing price of $112,400. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.