Balanced MarketSeptember 2026

Homestead Housing Market Report

Live MLS data · 400 active listings · $470K median · Updated September 2026

TL;DR

The Homestead housing market has 400 active listings with a median asking price of $470K as of September 2026. 24% of listings have had a price reduction. Average price per square foot is $292, with homes spending an average of 79 days on market — a balanced market.

400

Active Listings

$470K

Median Price

$292

Avg $/sqft

79

Avg Days on Market

24%

Price Reduced

Price Distribution

Under $300K
70 (18%)
$300K–$500K
154 (39%)
$500K–$750K
105 (26%)
$750K–$1M
39 (10%)
$1M–$2M
22 (6%)
$2M+
10 (3%)

By Property Type

House
$610K
Townhouses
$399K
Condos
$230K
Single-Family
$499K
Villa
$395K
Agriculture
$475K
Duplex
$593K
Mobile/Manufactured
$100K

Median Price by Bedrooms — Homestead

BedroomsActive ListingsMedian Price
Studio/1 BR39$645K
2 BR36$230K
3 BR168$410K
4 BR122$565K
5+ BR35$795K

ELLA AI Market Analysis — Homestead

The Homestead real estate market currently has 400 active listings as of September 2026, with a median asking price of $470K and an average of $292/sqft. Homes are spending an average of 79 days on market — conditions are relatively balanced between buyers and sellers.

Condos represent the best value in Homestead right now, with an average price per square foot of $213 and a median asking price of $230K. There are currently 42 active condos listings available.

With 24% of listings having reduced their price and an average DOM of 79 days, Homestead offers opportunities for both buyers and sellers. ELLA's IQ score analyzes each listing individually to identify the best-value opportunities.

Frequently Asked Questions — Homestead Real Estate Market

What is the average home price in Homestead right now?

As of September 2026, the median asking price in Homestead is $470K, with an average of $655K. Prices range from $65K to $25M. The average price per square foot is $292.

Is Homestead a buyer's or seller's market?

Homestead is currently a balanced market. Homes average 79 days on market with 24% showing price reductions. Well-priced properties still move at a fair pace, and both sides can negotiate effectively.

How long do homes stay on the market in Homestead?

As of September 2026, homes in Homestead spend an average of 79 days on market before going under contract. This varies by price range and property type — condos and lower-priced homes typically move faster. ELLA's IQ score flags listings that have been sitting longer than expected, often indicating negotiation opportunity.

What is the most affordable property type in Homestead?

Condos are currently the most affordable by price per square foot in Homestead, averaging $213/sqft with a median price of $230K. There are 42 active condos listings available.

How much can I save buying in Homestead with Casa Simple?

Based on the median home price of $470K in Homestead, Casa Simple buyers typically receive savings of $3K–$6K at closing. This is a closing cost credit — you pay nothing extra. The exact amount depends on purchase price and plan.

What is the average HOA fee in Homestead?

HOA fees are not aggregated at the city level in our market report. Fees vary widely by building, community, and property type — condos typically have higher fees than single-family homes. Each listing on Casa Simple shows the HOA fee when available. For condo buildings, visit the building's dedicated page to see estimated average HOA fees.

Ready to buy in Homestead?

ELLA analyzes every listing in Homestead with an AI-powered IQ score. Get up to $6K back at closing.