Is Converse, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Converse was a Seller's Market.
Housing Prices in Converse, TX
How much do homes in Converse, TX cost?
Median Sold Price
$266,494
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Converse was $266,494 in May 2024, down 5.8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $185K | $189K | +2.2% |
3 Bedrooms | $264.6K | $250K | -5.5% |
4 Bedrooms | $300.1K | $296K | -1.4% |
5+ Bedrooms | $360K | $347.5K | -3.5% |
Summary: Converse 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 increased by 2.2%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 3.5%.
Median Sold Price Compared To Nearby Cities
Schertz | $340K | $339.1K | -0.2% |
Live Oak | $278.7K | $275K | -1.3% |
San Antonio Northeast | $269.9K | $260K | -3.7% |
Converse | $282.7K | $266.4K | -5.8% |
Universal City | $298.5K | $281K | -5.9% |
Housing Supply in Converse, TX
How many homes are available in Converse, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
461 | 491 | +6.5% |
Summary: The Converse real estate market had 491 homes for sale in May 2024, a 6.5% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 258 | 266 | +3.1% |
4 Bedrooms | 173 | 191 | +10.4% |
5+ Bedrooms | 24 | 27 | +12.5% |
Summary: The Converse 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 increased by 16.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 80 | +11.1% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 80 homes were sold or pending in Converse in May 2024, up by 11.1% month-over-month. Of the 80 sold homes, 41% were sold under asking, 33% were sold at asking, and 26% were sold over asking.
Days on Market for Converse, TX
How long does it take to sell a home in Converse, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
78 Days | 75 Days | -3.6% |
Summary: Homes in Converse had an average of 75 days on market in May 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Summary: During May 2024, 80 homes were sold in Converse; 36% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.