Is South Central, 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, South Central was a Seller's Market.
Housing Prices in South Central, TX
How much do homes in South Central, TX cost?
Median Sold Price
$862,222
$563/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Central was $862,222 in April 2024, up 1.4% from last year, and the median price per square foot was $563.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $380K | -9.5% |
2 Bedrooms | $661K | $645K | -2.4% |
3 Bedrooms | $1.0M | $950K | -13.2% |
4 Bedrooms | $1.9M | $1.5M | -17.1% |
5+ Bedrooms | $2.4M | $1.8M | -23.2% |
Summary: South Central housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.5%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 23.2%.
Housing Supply in South Central, TX
How many homes are available in South Central, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
362 | 451 | +24.6% |
Summary: The South Central real estate market had 451 homes for sale in April 2024, a 24.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 45 | +18.4% |
2 Bedrooms | 91 | 108 | +18.7% |
3 Bedrooms | 120 | 152 | +26.7% |
4 Bedrooms | 77 | 104 | +35.1% |
5+ Bedrooms | 36 | 42 | +16.7% |
Summary: The South Central housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 35.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 47 | -6.0% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in South Central in April 2024, down by 6.0% month-over-month. Of the 47 sold homes, 66% were sold under asking, 13% were sold at asking, and 21% were sold over asking.
Days on Market for South Central, TX
How long does it take to sell a home in South Central, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 58 Days | -5.7% |
Summary: Homes in South Central had an average of 58 days on market in Apr 2024, down by 5.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 47 homes were sold in South Central; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.