Is Buda, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Buda has remained a Seller's Market.
Housing Prices in Buda, TX
How much do homes in Buda, TX cost?
Median Sold Price
$390,355
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buda was $390,355 in May 2024, down 12.6% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $575K | $550K | -4.3% |
3 Bedrooms | $405K | $360K | -11.1% |
4 Bedrooms | $497.9K | $425K | -14.7% |
5+ Bedrooms | $592.9K | $560K | -5.6% |
Summary: Buda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in Buda, TX
How many homes are available in Buda, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
305 | 348 | +14.1% |
Summary: The Buda real estate market had 348 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 163 | 186 | +14.1% |
4 Bedrooms | 116 | 135 | +16.4% |
5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Buda housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 66 | +61.0% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 66 homes were sold or pending in Buda in May 2024, up by 61.0% month-over-month. Of the 66 sold homes, 42% were sold under asking, 38% were sold at asking, and 20% were sold over asking.
Days on Market for Buda, TX
How long does it take to sell a home in Buda, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 43 Days | -27.5% |
Summary: Homes in Buda had an average of 43 days on market in May 2024, down by 27.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 66 homes were sold in Buda; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.