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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Giddings is a seller's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Giddings was a Buyer's Market.

Key Takeaway

Giddings is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Giddings, TX

How much do homes in Giddings, TX cost?

Median Sold Price

$318,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$68,000(+27.2%)

Key Takeaway

Homes in Giddings have sold for 27.2% more than they did a year ago.

Summary: The median home sold price in Giddings was $318,000 in June 2024, up 27.2% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $199K$170K
-14.6%
2 $170K$275K
+61.8%
3 $273.5K$324.7K
+18.7%
4 $325K$365K
+12.3%
5+ --
N/A

Summary: Giddings housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.6%, 2 bedroom homes increased by 61.8%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes did not change.

Housing Supply in Giddings, TX

How many homes are available in Giddings, TX?

Number of Homes For Sale

May 2024Jun 2024CHANGE
4437-15.9%

Summary: The Giddings real estate market had 37 homes for sale in June 2024, a 15.9% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 66
0.0%
3 2619
-26.9%
4 66
0.0%
5+ 55
0.0%

Summary: The Giddings housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 26.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Giddings, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Giddings in June 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for Giddings, TX

How long does it take to sell a home in Giddings, TX?

Average Sale Time

Jun 2023Jun 2024CHANGE
33 Days41 Days+24.7%

Summary: Homes in Giddings had an average of 41 days on market in Jun 2024, up by 24.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Giddings are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 7 homes were sold in Giddings; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 15 Days Ago

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