Is Cinco Ranch, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cinco Ranch has remained a Seller's Market.
Housing Prices in Cinco Ranch, TX
How much do homes in Cinco Ranch, TX cost?
Median Sold Price
$544,991
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cinco Ranch was $544,991 in March 2024, up 7.6% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $341.5K | $395.9K | +15.9% |
3 Bedrooms | $390K | $400K | +2.6% |
4 Bedrooms | $500K | $555.6K | +11.1% |
5+ Bedrooms | $722.5K | $713.4K | -1.2% |
Summary: Cinco Ranch housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Neighborhoods
Cinco Ranch | $506.3K | $544.9K | +7.6% |
Cinco Ranch West | $439.5K | $433.5K | -1.4% |
Housing Supply in Cinco Ranch, TX
How many homes are available in Cinco Ranch, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
114 | 154 | +35.1% |
Summary: The Cinco Ranch real estate market had 154 homes for sale in March 2024, a 35.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 25 | 28 | +12.0% |
4 Bedrooms | 58 | 85 | +46.6% |
5+ Bedrooms | 25 | 33 | +32.0% |
Summary: The Cinco Ranch housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 46.6%, and 5+ bedroom homes increased by 32%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 30 | -9.1% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Cinco Ranch in March 2024, down by 9.1% month-over-month. Of the 30 sold homes, 40% were sold under asking, 23% were sold at asking, and 37% were sold over asking.
Days on Market for Cinco Ranch, TX
How long does it take to sell a home in Cinco Ranch, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
20 Days | 20 Days | -0.8% |
Summary: Homes in Cinco Ranch had an average of 20 days on market in Mar 2024, down by 0.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Cinco Ranch; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.