Is Taylor, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Taylor is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Taylor was a Seller's Market.

Key Takeaway

Taylor is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Taylor, TX

How much do homes in Taylor, TX cost?

Median Sold Price

$315,000

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$14,999(-4.5%)

Key Takeaway

Homes in Taylor have sold for 4.5% less than they did a year ago.

Summary: The median home sold price in Taylor was $315,000 in August 2024, down 4.5% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 -$390K
N/A
2 $235K$218K
-7.2%
3 $325K$313K
-3.7%
4 $360K$350K
-2.8%
5+ $625K$410K
-34.4%

Summary: Taylor housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 34.4%.

Housing Supply in Taylor, TX

How many homes are available in Taylor, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
134131-2.2%

Summary: The Taylor real estate market had 131 homes for sale in August 2024, a 2.2% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 7372
-1.4%
4 4040
0.0%
5+ 1110
-9.1%

Summary: The Taylor housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
2221-4.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Taylor, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Taylor in August 2024, down by 4.5% month-over-month. Of the 21 sold homes, 67% were sold under asking, 14% were sold at asking, and 19% were sold over asking.

Days on Market for Taylor, TX

How long does it take to sell a home in Taylor, TX?

Average Sale Time

Aug 2023Aug 2024CHANGE
104 Days63 Days-39.8%

Summary: Homes in Taylor had an average of 63 days on market in Aug 2024, down by 39.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Taylor are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 21 homes were sold in Taylor; 38% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 29% 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 9 Days Ago

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