Is Schertz-Cibolo, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schertz-Cibolo is a buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Schertz-Cibolo was a Seller's Market.

Key Takeaway

Schertz-Cibolo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Schertz-Cibolo, TX

How much do homes in Schertz-Cibolo, TX cost?

Median Sold Price

$338,933

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$11,066(-3.2%)

Key Takeaway

Homes in Schertz-Cibolo have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in Schertz-Cibolo was $338,933 in June 2024, down 3.2% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $245K$139K
-43.3%
2 $232.4K$234.5K
+0.9%
3 $311.6K$304.9K
-2.1%
4 $369.7K$367K
-0.8%
5+ $424K$410K
-3.3%

Summary: Schertz-Cibolo housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Schertz
-1.5%
Marion
-2.5%
Schertz-Cibolo
-3.2%
Cibolo
-6.3%

Housing Supply in Schertz-Cibolo, TX

How many homes are available in Schertz-Cibolo, TX?

Number of Homes For Sale

May 2024Jun 2024CHANGE
768819+6.6%

Summary: The Schertz-Cibolo real estate market had 819 homes for sale in June 2024, a 6.6% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 1712
-29.4%
3 340347
+2.1%
4 341377
+10.6%
5+ 7083
+18.6%

Summary: The Schertz-Cibolo housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 18.6%.

Number of Homes Sold

May 2024Jun 2024CHANGE
127105-17.3%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

47 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schertz-Cibolo, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.

Summary: A total of 105 homes were sold or pending in Schertz-Cibolo in June 2024, down by 17.3% month-over-month. Of the 105 sold homes, 46% were sold under asking, 45% were sold at asking, and 10% were sold over asking.

Days on Market for Schertz-Cibolo, TX

How long does it take to sell a home in Schertz-Cibolo, TX?

Average Sale Time

Jun 2023Jun 2024CHANGE
62 Days72 Days+16.1%

Summary: Homes in Schertz-Cibolo had an average of 72 days on market in Jun 2024, up by 16.1% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

46 Homes Were Sold
In 30 - 90 Days

29 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Schertz-Cibolo has remained consistent over time.

Summary: During June 2024, 105 homes were sold in Schertz-Cibolo; 29% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 28% 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 13 Days Ago

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