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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kerrville is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Kerrville was a Neutral Market.

Key Takeaway

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

Housing Prices in Kerrville, TX

How much do homes in Kerrville, TX cost?

Median Sold Price

$413,750

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$23,750(+6.1%)

Key Takeaway

Homes in Kerrville have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Kerrville was $413,750 in February 2024, up 6.1% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$190K
N/A
2 $295.2K$275K
-6.9%
3 $390K$427.5K
+9.6%
4 $725K$660K
-9.0%
5+ $1.2M$1.2M
-3.3%

Summary: Kerrville 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 decreased by 6.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Center Point
+54.9%
Kerrville
+6.1%

Housing Supply in Kerrville, TX

How many homes are available in Kerrville, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7791+18.2%

Summary: The Kerrville real estate market had 91 homes for sale in February 2024, a 18.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 23
+50.0%
2 810
+25.0%
3 3948
+23.1%
4 2426
+8.3%
5+ 44
0.0%

Summary: The Kerrville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kerrville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Kerrville in February 2024, down by 14.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Kerrville, TX

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

Average Sale Time

Feb 2023Feb 2024CHANGE
56 Days109 Days+94.4%

Summary: Homes in Kerrville had an average of 109 days on market in Feb 2024, up by 94.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Kerrville are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 6 homes were sold in Kerrville; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 27 Days Ago

Newest Listings in Kerrville, TX

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