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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kyle is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Kyle has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Kyle, TX

How much do homes in Kyle, TX cost?

Median Sold Price

$350,769

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$19,942(-5.4%)

Key Takeaway

Homes in Kyle have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in Kyle was $350,769 in March 2024, down 5.4% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $295K-
N/A
2 $290.6K$289K
-0.6%
3 $350.3K$320K
-8.7%
4 $400K$395.6K
-1.1%
5+ $448.4K$440.2K
-1.8%

Summary: Kyle 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 decreased by 0.6%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 1.8%.

Median Sold Price Compared To Nearby Cities

Kyle
-5.4%
Kyle-Buda
-8.5%

Housing Supply in Kyle, TX

How many homes are available in Kyle, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
351395+12.5%

Summary: The Kyle real estate market had 395 homes for sale in March 2024, a 12.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 151171
+13.2%
4 180198
+10.0%
5+ 1722
+29.4%

Summary: The Kyle 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 13.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 29.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6070+16.7%

Asking Price vs. Sold Price

47 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kyle, you may be able to get a good deal. 67.1% of homes here sold below asking price last month.

Summary: A total of 70 homes were sold or pending in Kyle in March 2024, up by 16.7% month-over-month. Of the 70 sold homes, 67% were sold under asking, 21% were sold at asking, and 11% were sold over asking.

Days on Market for Kyle, TX

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

Average Sale Time

Mar 2023Mar 2024CHANGE
73 Days73 Days0.3%

Summary: Homes in Kyle had an average of 73 days on market in Mar 2024, up by 0.3% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 70 homes were sold in Kyle; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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 19 Days Ago

Newest Listings in Kyle, TX

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