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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mico is a neutral's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Mico is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mico, TX

How much do homes in Mico, TX cost?

Median Sold Price

$622,000

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$15,500(-2.4%)

Key Takeaway

Homes in Mico have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Mico was $622,000 in March 2024, down 2.4% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$567.4K
N/A
2 $325K$252K
-22.5%
3 $625K$582.5K
-6.8%
4 $690K$690K
0.0%
5+ $700K$664K
-5.1%

Summary: Mico 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 22.5%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.1%.

Median Sold Price Compared To Nearby Cities

Castroville-LaCoste
+15.8%
San Antonio Northwest
-1.4%
Mico
-2.4%
Pipe Creek
-3.7%

Housing Supply in Mico, TX

How many homes are available in Mico, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1418+28.6%

Summary: The Mico real estate market had 18 homes for sale in March 2024, a 28.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 11
0.0%
3 610
+66.7%
4 55
0.0%
5+ 11
0.0%

Summary: The Mico 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 3 homes were sold or pending in Mico in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Mico, TX

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

Average Sale Time

Mar 2023Mar 2024CHANGE
54 Days60 Days+12.3%

Summary: Homes in Mico had an average of 60 days on market in Mar 2024, up by 12.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 3 homes were sold in Mico; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 23 Days Ago

Newest Listings in Mico, TX

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