Balanced MarketMay 2026

Homestead Housing Market Report

Live MLS data · 200 active listings · $433K median · Updated May 2026

TL;DR

The Homestead housing market has 200 active listings with a median asking price of $433K as of May 2026. 22% of listings have had a price reduction. Average price per square foot is $312, with homes spending an average of 89 days on market — a balanced market.

200

Active Listings

$433K

Median Price

$312

Avg $/sqft

89

Avg Days on Market

22%

Price Reduced

Price Distribution

Under $300K
51 (26%)
$300K–$500K
79 (40%)
$500K–$750K
41 (21%)
$750K–$1M
14 (7%)
$1M–$2M
12 (6%)
$2M+
3 (2%)

By Property Type

Single-Family
$625K
Townhouses
$385K
Condos
$240K
Mobile/Manufactured
$225K

Median Price by Bedrooms — Homestead

BedroomsActive ListingsMedian Price
Studio/1 BR4$195K
2 BR33$230K
3 BR101$419K
4 BR44$545K
5+ BR18$865K

ELLA AI Market Analysis — Homestead

The Homestead real estate market currently has 200 active listings as of May 2026, with a median asking price of $433K and an average of $312/sqft. Homes are spending an average of 89 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 $227 and a median asking price of $240K. There are currently 43 active condos listings available.

With 22% of listings having reduced their price and an average DOM of 89 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 May 2026, the median asking price in Homestead is $433K, with an average of $555K. Prices range from $157K to $5.8M. The average price per square foot is $312.

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

Homestead is currently a balanced market. Homes average 89 days on market with 22% 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 May 2026, homes in Homestead spend an average of 89 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 $227/sqft with a median price of $240K. There are 43 active condos listings available.

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

Based on the median home price of $433K in Homestead, Casa Simple buyers typically receive a rebate of $3K–$6K at closing. This is cash back from the buyer's agent commission — you pay nothing extra. The exact rebate 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.