Is Salado, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Salado was a Seller's Market.
Housing Prices in Salado, TX
How much do homes in Salado, TX cost?
Median Sold Price
$550,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Salado was $550,000 in April 2024, down 1.1% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $399K | - | N/A |
3 Bedrooms | $500K | $474K | -5.2% |
4 Bedrooms | $622.5K | $585K | -6.0% |
5+ Bedrooms | $546.3K | $944K | +72.8% |
Summary: Salado 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 did not change, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 72.8%.
Median Sold Price Compared To Nearby Cities
Salado | $556.2K | $550K | -1.1% |
South Bell | $552.7K | $541K | -2.1% |
Housing Supply in Salado, TX
How many homes are available in Salado, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 71 | +2.9% |
Summary: The Salado real estate market had 71 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 35 | 36 | +2.9% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Salado housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 8 | -27.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Salado in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Salado, TX
How long does it take to sell a home in Salado, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 69 Days | -16.4% |
Summary: Homes in Salado had an average of 69 days on market in Apr 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Salado; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.