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The Homestead market
Market report · City · Sep 2026
The Homestead market, in numbers
Homes in Homestead typically sell in about 87.5 days, close around 1.1% under ask, prices are down 14.9% on a year ago. With 36.9 months of inventory, it’s a buyer’s market.
Median sale price
$395k
↓ −6.0% MoM↓ −14.9% YoY
74 sales closed in Sep 2026
Median rent
$2,300/mo
↓ −4.2% MoM↓ −4.2% YoY
124 leases closed in Sep 2026
Time to sell
87.5 days
typical days on market
Days from listing to going under contract.
Negotiation room
1.1% under ask
typical closing vs asking price
How far below the asking price homes typically close.
Months of inventory
36.9 mo
buyer’s market
Active listings divided by the monthly sales pace. Under 4 months favors sellers; over 6 favors buyers.
Gross rental yield
7.0%
yearly rent ÷ sale price
A year of median rent as a share of the median sale price.
Your questions, answered
Straight answers from Homestead’s closed transactions.
What does a home here cost?
The median sale closed at $395k in Sep 2026, down 14.9% on a year ago. Typical sales ranged $196k–$660k.
What income do you need to buy here?
At a 6.5% 30-year mortgage with 20% down, the median home runs about $2,888/mo including taxes and HOA — comfortable at a household income around $116k a year, using the 30% rule. Renting instead costs $2,300/mo.
Is now a good time to buy?
36.9 months of inventory points to a buyer’s market, and sellers are accepting about 1.1% under ask. Prices have eased over the past year, which favors patient buyers.
How fast do homes sell?
About 87.5 days from listing to contract in Sep 2026. The pace picks up toward August and slows around January.
How much room is there to negotiate?
Closings typically land 1.1% under asking price, and 40% of active listings have already reduced their price (median cut 4.4%).
When is the best time to list?
Closings peak in August and bottom out around January. Listing four to six weeks ahead of the peak historically gets the most eyes.
Is it a good rental investment?
A year of median rent ($2,300/mo) equals 7.0% of the median sale price, before fees and taxes.
Buying vs renting
Price-to-rent ratio is 14.3 — buying typically starts to beat renting after roughly 3–4 years here.
To buy — median sale price
Sale price, $
$395k↓ −6.0% MoM↓ −14.9% YoY
Sep 2026 — median $395k · 74 sales · 87.5 days on market
$0
$200k
$400k
$600k
$800k
$1.0M
Oct ’25
Dec ’25
Feb ’26
Apr ’26
Jun ’26
Aug ’26
To rent — median monthly rent
Monthly rent, $
$2,300/mo↓ −4.2% MoM↓ −4.2% YoY
Sep 2026 — median $2,300/mo · 124 leases · 57.5 days on market
$1,000
$2,000
$3,000
$4,000
Oct ’25
Dec ’25
Feb ’26
Apr ’26
Jun ’26
Aug ’26
MedianTypical range (5th–95th percentile)3+ closingsUnder 3 (low sample)No closings (activity only)Tap or hover any month for its numbers.
What each size costs
Medians over the last 12 months.
Beds
To buy
To rent
Volume
Studio
—
$1,074/mo
8 closed Low sample
1 bed
$207k
$1,454/mo
84 closed
2 beds
$249k
$1,858/mo
531 closed
3 beds
$407k
$2,429/mo
1581 closed
What sells here
Sales mix and median price by property type, last 12 months.
Condo
$201k
9% of sales · 115 closed
House
$516k
63% of sales · 841 closed
Townhouse
$359k
28% of sales · 381 closed
Market depth
Supply and demand
Listings per month
Sep 2026 — 74 closed · 208 new · 3654 active
0
2000
4000
6000
Oct ’24
Jan ’25
Apr ’25
Jul ’25
Oct ’25
Jan ’26
Apr ’26
Jul ’26
ClosedActive (on market)New listings
Seasonality
Avg closings
Listings move fastest in August
0
10
20
30
40
J
F
M
A
M
J
J
A
S
O
N
D
Average closings by calendar month, drawn from at least two years of history.
Price-cut pressure
% of active listings
Sep 2026 — 40% of active listings cut · median cut 4.4%
0%
10%
20%
30%
40%
50%
Oct ’24
Jan ’25
Apr ’25
Jul ’25
Oct ’25
Jan ’26
Apr ’26
Jul ’26
3-month averageSingle month
HOA fees per sqft
$ per sqft, monthly
$0.15 per sqft · Sep 2026
$0.11
$0.12
$0.13
$0.14
$0.15
$0.16
Oct ’24
Jan ’25
Apr ’25
Jul ’25
Oct ’25
Jan ’26
Apr ’26
Jul ’26
Median monthly HOA fee per square foot among closed sales.
How neighbourhoods compare across Homestead
Median sale price, last 12 months. Tap a row to open its report.
Based on 6112 closed transactions over the period shown · Updated Oct 1, 2026 · Medians drawn from fewer than 3 closings are flagged as low sample.