Buyer's MarketAugust 2026

Homestead Housing Market Report

Live MLS data · 400 active listings · $460K median · Updated August 2026

TL;DR

The Homestead housing market has 400 active listings with a median asking price of $460K as of August 2026. 20% of listings have had a price reduction. Average price per square foot is $313, with homes spending an average of 103 days on market — a buyer's market.

400

Active Listings

$460K

Median Price

$313

Avg $/sqft

103

Avg Days on Market

20%

Price Reduced

Price Distribution

Under $300K
59 (15%)
$300K–$500K
174 (44%)
$500K–$750K
89 (22%)
$750K–$1M
34 (9%)
$1M–$2M
26 (7%)
$2M+
18 (5%)

By Property Type

House
$589K
Townhouses
$382K
Condos
$225K
Single-Family
$540K
Commercial
$3.8M
Agriculture
$3.9M
Mobile/Manufactured
$230K
Villa
$315K

Median Price by Bedrooms — Homestead

BedroomsActive ListingsMedian Price
Studio/1 BR42$895K
2 BR37$245K
3 BR165$400K
4 BR118$575K
5+ BR38$675K

ELLA AI Market Analysis — Homestead

The Homestead real estate market currently has 400 active listings as of August 2026, with a median asking price of $460K and an average of $313/sqft. Homes are spending an average of 103 days on market — conditions are leaning in favor of buyers, with longer listing times and more seller flexibility.

Condos represent the best value in Homestead right now, with an average price per square foot of $219 and a median asking price of $225K. There are currently 41 active condos listings available.

With 20% of listings having seen a price reduction, there is meaningful negotiating room in Homestead. Buyers who are patient and well-prepared can expect sellers to be more flexible on price and terms.

Frequently Asked Questions — Homestead Real Estate Market

What is the average home price in Homestead right now?

As of August 2026, the median asking price in Homestead is $460K, with an average of $714K. Prices range from $70K to $18.5M. The average price per square foot is $313.

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

Homestead is currently a buyer's market. Homes average 103 days on market and 20% of listings have had price reductions — indicating seller flexibility. Buyers have real room to negotiate.

How long do homes stay on the market in Homestead?

As of August 2026, homes in Homestead spend an average of 103 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 $219/sqft with a median price of $225K. There are 41 active condos listings available.

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

Based on the median home price of $460K 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.