Is Medina County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Medina County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Medina County was a Seller's Market.

Key Takeaway

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

Housing Prices in Medina County, TX

How much do homes in Medina County, TX cost?

Median Sold Price

$360,000

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$15,000(+4.3%)

Key Takeaway

Homes in Medina County have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Medina County was $360,000 in March 2024, up 4.3% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $112K$230K
+105.4%
2 $185K$217K
+17.3%
3 $350K$300K
-14.3%
4 $430K$516.5K
+20.1%
5+ $474K$587.5K
+23.9%

Summary: Medina County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 105.4%, 2 bedroom homes increased by 17.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes increased by 23.9%.

Median Sold Price Compared To Nearby Counties

Atascosa County
+4.8%
Medina County
+4.3%
Bandera County
+1.8%
Uvalde County
-4.5%

Housing Supply in Medina County, TX

How many homes are available in Medina County, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
176200+13.6%

Summary: The Medina County real estate market had 200 homes for sale in March 2024, a 13.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 55
0.0%
2 1618
+12.5%
3 90101
+12.2%
4 5463
+16.7%
5+ 1113
+18.2%

Summary: The Medina County 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 12.5%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1721+23.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Medina County, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Medina County in March 2024, up by 23.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Medina County, TX

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

Average Sale Time

Mar 2023Mar 2024CHANGE
123 Days115 Days-6.3%

Summary: Homes in Medina County had an average of 115 days on market in Mar 2024, down by 6.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 21 homes were sold in Medina County; 10% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 62% 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 24 Days Ago

Newest Listings in Medina County, TX

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