Is Bertram, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Bertram was a Seller's Market.
Housing Prices in Bertram, TX
How much do homes in Bertram, TX cost?
Median Sold Price
$362,750
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bertram was $362,750 in May 2024, up 4.6% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $140K | -20.0% |
2 Bedrooms | $194.5K | $284K | +46.0% |
3 Bedrooms | $339.7K | $336.5K | -1.0% |
4 Bedrooms | $352K | $375K | +6.5% |
5+ Bedrooms | - | $562.5K | N/A |
Summary: Bertram housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 46%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes did not change.
Housing Supply in Bertram, TX
How many homes are available in Bertram, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 46 | -6.1% |
Summary: The Bertram real estate market had 46 homes for sale in May 2024, a 6.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 23 | 22 | -4.3% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bertram housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Bertram in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Bertram, TX
How long does it take to sell a home in Bertram, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
136 Days | 17 Days | -87.5% |
Summary: Homes in Bertram had an average of 17 days on market in May 2024, down by 87.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Bertram; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.