Ok ladies I need some opinions...

I think the accessories and shoes push it into semi-formal status. It's hard to really comment on the dress b/c I don't know what kind of material it is. I think it will look really good once it's all put together.
 
I love everything. Your daughter has great taste. While the flats are really pretty I think a shoe with a little bit of a heel would be a little dressier. A kitten heel would be perfect. I hope she has a wonderful time!
 
It's super cute!

It seems a bit casual for homecoming, I thought cocktail dresses were more fitting for this type of event? Or maybe I'm just an old fogie.

I agree, its cute but IMO its way to casual for a homecoming dance. That looks like a casual weekend outfit to me...:confused1: I would go for a cocktail dress.

Regardless of what she chooses, I hope she has fun at the dance!
 
I :heart: that dress! It's too cute.
Btw, those flats are gorgeous, they look like the Manolo's Mischa Barton has...

But like the others said, I think it's a bit casual. It's a lovely dress, but maybe something a bit more dressy?