It means "nothing special".
The expression comes from when you are on holidays or away, and telling everyone at home how great things are. The scenery is great ! The people are great ! etc, etc.
'Nothing to write home about' is the negation of 'wanting to write home'. Rather than being special, things are average, nothing special. Nothing special or out of the ordinary to write home or tell people about.
So used by itself, it means 'nothing special'/'no big deal'/'nothing to get excited about'.
Examples:
"I went to the that new museum, but it was nothing to write home about". ie. The museum was nothing to get excited about. It was nothing special.
"The restaurant we went to was ok, but nothing to write home about". ie. The museum was ok, but fairly ordinary. There was nothing that great about it.