Is Palacios, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Palacios was a Seller's Market.
Housing Prices in Palacios, TX
How much do homes in Palacios, TX cost?
Median Sold Price
$267,250
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Palacios was $267,250 in March 2024, up 48.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $85K | N/A |
2 Bedrooms | $121K | $200K | +65.3% |
3 Bedrooms | $185K | $295K | +59.5% |
4 Bedrooms | $378.5K | $361.5K | -4.5% |
5+ Bedrooms | - | $684.5K | N/A |
Summary: Palacios 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 increased by 65.3%, 3 bedroom homes increased by 59.5%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes did not change.
Housing Supply in Palacios, TX
How many homes are available in Palacios, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 40 | +8.1% |
Summary: The Palacios real estate market had 40 homes for sale in March 2024, a 8.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Palacios housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Palacios in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Palacios, TX
How long does it take to sell a home in Palacios, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 84 Days | +105.0% |
Summary: Homes in Palacios had an average of 84 days on market in Mar 2024, up by 105% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Palacios; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.