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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kyle-Buda is a buyer's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Kyle-Buda, TX

How much do homes in Kyle-Buda, TX cost?

Median Sold Price

$375,030

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$38,985(-9.4%)

Key Takeaway

Homes in Kyle-Buda have sold for 9.4% less than they did a year ago.

Summary: The median home sold price in Kyle-Buda was $375,030 in February 2024, down 9.4% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $417.5K-
N/A
2 $310K$290K
-6.5%
3 $389.9K$339.2K
-13.0%
4 $453.5K$421.6K
-7.0%
5+ $564.9K$500K
-11.5%

Summary: Kyle-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 decreased by 6.5%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes decreased by 11.5%.

Median Sold Price Compared To Nearby Cities

Kyle
-6.6%
Kyle-Buda
-9.4%
Buda
-16.1%

Housing Supply in Kyle-Buda, TX

How many homes are available in Kyle-Buda, TX?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
600645+7.5%

Summary: The Kyle-Buda real estate market had 645 homes for sale in February 2024, a 7.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 118
-27.3%
3 280305
+8.9%
4 263287
+9.1%
5+ 4645
-2.2%

Summary: The Kyle-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 decreased by 27.3%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 2.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
10089-11.0%

Asking Price vs. Sold Price

60 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kyle-Buda, you may be able to get a good deal. 67.4% of homes here sold below asking price last month.

Summary: A total of 89 homes were sold or pending in Kyle-Buda in February 2024, down by 11.0% month-over-month. Of the 89 sold homes, 67% were sold under asking, 18% were sold at asking, and 15% were sold over asking.

Days on Market for Kyle-Buda, TX

How long does it take to sell a home in Kyle-Buda, TX?

Average Sale Time

Feb 2023Feb 2024CHANGE
81 Days88 Days+8.4%

Summary: Homes in Kyle-Buda had an average of 88 days on market in Feb 2024, up by 8.4% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

30 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 89 homes were sold in Kyle-Buda; 34% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 34% 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

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