Is Santa Fe, 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, Santa Fe was a Seller's Market.
Housing Prices in Santa Fe, TX
How much do homes in Santa Fe, TX cost?
Median Sold Price
$315,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Santa Fe was $315,000 in March 2024, up 5% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | - | N/A |
2 Bedrooms | $236.7K | $207K | -12.6% |
3 Bedrooms | $296.5K | $310K | +4.6% |
4 Bedrooms | $330K | $438K | +32.7% |
5+ Bedrooms | $412.5K | $607.5K | +47.3% |
Summary: Santa Fe 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 12.6%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 32.7%, and 5+ bedroom homes increased by 47.3%.
Median Sold Price Compared To Nearby Cities
La Marque | $251.5K | $279K | +11.0% |
Santa Fe | $300K | $315K | +5.0% |
Texas City | $238.6K | $248K | +3.9% |
Dickinson | $273.9K | $280K | +2.2% |
Texas City-League City | $324.3K | $326K | 0.5% |
Housing Supply in Santa Fe, TX
How many homes are available in Santa Fe, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 71 | +20.3% |
Summary: The Santa Fe real estate market had 71 homes for sale in March 2024, a 20.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 36 | 41 | +13.9% |
4 Bedrooms | 7 | 15 | +114.3% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Santa Fe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 114.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Santa Fe in March 2024, up by 22.2% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Santa Fe, TX
How long does it take to sell a home in Santa Fe, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
100 Days | 71 Days | -29.0% |
Summary: Homes in Santa Fe had an average of 71 days on market in Mar 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Santa Fe; 27% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.