Is Rancho del Lago, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rancho del Lago has remained a Seller's Market.
Housing Prices in Rancho del Lago, TX
How much do homes in Rancho del Lago, TX cost?
Median Sold Price
$499,330
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rancho del Lago was $499,330 in April 2024, up 3% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $520K | $485K | -6.7% |
3 Bedrooms | $472.5K | $449.9K | -4.8% |
4 Bedrooms | $562.5K | $575K | +2.2% |
5+ Bedrooms | - | $670K | N/A |
Summary: Rancho del Lago housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes did not change.
Housing Supply in Rancho del Lago, TX
How many homes are available in Rancho del Lago, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 28 | -9.7% |
Summary: The Rancho del Lago real estate market had 28 homes for sale in April 2024, a 9.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 22 | 19 | -13.6% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rancho del Lago housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Rancho del Lago in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.
Days on Market for Rancho del Lago, TX
How long does it take to sell a home in Rancho del Lago, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
121 Days | 195 Days | +61.3% |
Summary: Homes in Rancho del Lago had an average of 195 days on market in Apr 2024, up by 61.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Rancho del Lago; 14% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 86% of homes were sold over 90 days.