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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wimberley is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Wimberley, TX

How much do homes in Wimberley, TX cost?

Median Sold Price

$515,000

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$125,000(-19.5%)

Key Takeaway

Homes in Wimberley have sold for 19.5% less than they did a year ago.

Summary: The median home sold price in Wimberley was $515,000 in March 2024, down 19.5% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $702.5K$657K
-6.5%
2 $447.5K$399.2K
-10.8%
3 $595K$483.2K
-18.8%
4 $722.4K$725K
0.4%
5+ $1.6M$1.4M
-14.5%

Summary: Wimberley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 14.5%.

Median Sold Price Compared To Nearby Cities

Kyle-Buda
-8.5%
Dripping Springs-Wimberley
-8.7%
Wimberley
-19.5%

Housing Supply in Wimberley, TX

How many homes are available in Wimberley, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
169221+30.8%

Summary: The Wimberley real estate market had 221 homes for sale in March 2024, a 30.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 35
+66.7%
2 1825
+38.9%
3 98123
+25.5%
4 3244
+37.5%
5+ 1824
+33.3%

Summary: The Wimberley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 38.9%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1222+83.3%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wimberley, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Wimberley in March 2024, up by 83.3% month-over-month. Of the 22 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.

Days on Market for Wimberley, TX

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

Average Sale Time

Mar 2023Mar 2024CHANGE
83 Days92 Days+10.6%

Summary: Homes in Wimberley had an average of 92 days on market in Mar 2024, up by 10.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 22 homes were sold in Wimberley; 36% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 32% 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 23 Days Ago

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