Photo: Smothert1 · CC BY-SA 3.0982 homes sold in Homestead in the last year, at a typical $411K
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Homestead homes are listed.
Every place Homestead homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Homestead.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
13% of Homestead’s sales are condos, at $293K less than a house
514 houses and 132 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 514 sold in 12 months
- Per square foot
- $260FL $245
- Days to sell
- 101
- Sold over asking
- 15%
- Listings with a price cut
- 24%
typical sale · 132 sold in 12 months
- Per square foot
- $204FL $262
- Days to sell
- 112
- Sold over asking
- 5%
- Listings with a price cut
- 19%
Multi-family (2–4 units): 7 sold, typical $448K
Townhouses: 331 sold, typical $355K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 2.5 times the 2016 price
982 sales in the last year, against 1,437 in 2021 and a low of 1,029 in 2025. The typical sale went from $163K in 2016 to $411K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K buys in Homestead
Check a listing against what Homestead homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Homestead are back to pre-pandemic levels, and more homes are for sale
We read every month of Homestead’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 982 sales.
If you’re buying in Homestead
- Shop in November. It brings about 128 new listings a month, close to the busiest month, with fewer bidding wars (18% over asking).
- You can negotiate. 22% of listings have cut their price, against 17% before the pandemic.
- Offer under asking. Buyers paid 97.3% of the list price on average; 15% paid over.
- You’ll usually have time. Only 9% of homes go under contract within two weeks; the typical one takes 97 days.
Winter brings the homes; summer brings the bidding wars
January has the most new listings (about 158 a month), but August is the most competitive: 21% of August sales close over asking. October and November offer nearly as much choice with fewer homes bid up (18%). December has the least competition (17%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Florida as a whole
| Homestead now | 2017–19 | 2021 peak | FL now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 15% | 12% | 33% | 10% |
| Gone within two weeksShare of homes under contract within 14 days | 9% | 20% | 47% | 20% |
| Listings with a price cutShare of homes for sale that cut their price | 22% | 17% | 7% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 97.3% | 97% | 98.7% | 96.3% |
| Days to sellMedian days from listing to contract | 97 | 48 | 36 | 76 |
696 homes for sale on a typical day
That’s 2.9 times the 2021 low (242) and 59% more than in 2017–19.
1 in 5 listings has cut its price
22% in the last year, against 17% in 2017–19 and 28% across Florida. More sellers are pricing high and coming down.
Since 2019, houses are up 82%, condos 63%
A house typically sold for $501K in the last year (514 sales), a condo for $208K (132).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Homestead ranks 103rd of 534 busy Florida markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Homestead is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Homestead home costs about $2,498 a month
Price: Homestead’s typical sale, last 12 months. Property tax at Homestead’s 1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Homestead is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in January
The month with the most choice. December has the fewest, about 112.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $411K home, about $4,240 a year.
Taxes vs. neighborsSchools
The schools grade for Homestead, from test results, graduation and how much students grow.
Schools in HomesteadTypical commute
The average one-way trip to work for people who live in Homestead.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Naranja sells for less a square foot; Leisure City, Goulds and South Miami Heights for far more
The busier markets within 25 miles of Homestead, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Homestead | 982 | $411K | $239 | 15% | 97 |
| Princeton | 364 | $500K | $282 | 13% | 91 |
| Florida City | 279 | $398K | $268 | 6% | 73 |
| South Miami Heights | 225 | $556K | $366 | 14% | 77 |
| Leisure City | 170 | $468K | $342 | 20% | 74 |
| Goulds | 128 | $567K | $337 | 16% | 101 |
| Naranja | 87 | $398K | $227 | 7% | 112 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Homestead, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Homestead. People who follow the town see it, and so do people comparing Homestead with their own town. No commission, no listing fee.
Questions about buying a home in Homestead
What do homes sell for in Homestead, FL?
982 homes sold in the year to May 2026 at a typical $411K, $239 a square foot. Houses sold for about $501K, condos for about $208K.
Is Homestead a buyer’s or seller’s market?
A buyer’s market: 643 homes were for sale in May 2026 and 69 sold, about 9.3 months of supply. Buyers paid 97.3% of asking on average, and 22% of listings cut their price.
When is the best time to buy in Homestead?
January brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Homestead?
About 1% of a home’s value a year. On a $411K home that’s near $4,240.
Where can I see homes for sale in Homestead?
Zillow, Redfin, Realtor.com and Homes.com all carry Homestead’s MLS listings; the search links above open each one filtered to Homestead.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).