Is Buda, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buda is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Buda was a Seller's Market.

Key Takeaway

Buda is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Buda, TX

How much do homes in Buda, TX cost?

Median Sold Price

$414,357

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$79,640(-16.1%)

Key Takeaway

Homes in Buda have sold for 16.1% less than they did a year ago.

Summary: The median home sold price in Buda was $414,357 in February 2024, down 16.1% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $391.5K$575K
+46.9%
3 $435K$360K
-17.2%
4 $544.5K$450K
-17.4%
5+ $630K$564K
-10.5%

Summary: Buda housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 46.9%, 3 bedroom homes decreased by 17.2%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes decreased by 10.5%.

Median Sold Price Compared To Nearby Cities

Austin
-5.1%
Kyle-Buda
-9.4%
Buda
-16.1%

Housing Supply in Buda, TX

How many homes are available in Buda, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
182198+8.8%

Summary: The Buda real estate market had 198 homes for sale in February 2024, a 8.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 93101
+8.6%
4 7078
+11.4%
5+ 1818
0.0%

Summary: The Buda housing inventory by bedroom type for February 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 8.6%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3327-18.2%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buda, you may be able to get a good deal. 70.4% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Buda in February 2024, down by 18.2% month-over-month. Of the 27 sold homes, 70% were sold under asking, 7% were sold at asking, and 22% 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

Feb 2023Feb 2024CHANGE
74 Days56 Days-23.6%

Summary: Homes in Buda had an average of 56 days on market in Feb 2024, down by 23.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Buda has remained consistent over time.

Summary: During February 2024, 27 homes were sold in Buda; 37% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Buda, TX

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