Is Gillespie County, 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, Gillespie County was a Seller's Market.
Housing Prices in Gillespie County, TX
How much do homes in Gillespie County, TX cost?
Median Sold Price
$527,500
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gillespie County was $527,500 in April 2024, down 13.4% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $592.5K | $439.5K | -25.8% |
2 Bedrooms | $609K | $399K | -34.5% |
3 Bedrooms | $535K | $482K | -9.9% |
4 Bedrooms | $827.5K | $622K | -24.8% |
5+ Bedrooms | $755K | $1.4M | +94.4% |
Summary: Gillespie County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.8%, 2 bedroom homes decreased by 34.5%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes increased by 94.4%.
Median Sold Price Compared To Nearby Counties
Blanco County | $491K | $485K | -1.2% |
Llano County | $567.5K | $548.6K | -3.3% |
Kerr County | $432K | $401.2K | -7.1% |
Gillespie County | $609K | $527.5K | -13.4% |
Housing Supply in Gillespie County, TX
How many homes are available in Gillespie County, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 111 | +27.6% |
Summary: The Gillespie County real estate market had 111 homes for sale in April 2024, a 27.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 34 | 49 | +44.1% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 16 | 23 | +43.8% |
Summary: The Gillespie County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 44.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 43.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 13 | +62.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Gillespie County in April 2024, up by 62.5% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Gillespie County, TX
How long does it take to sell a home in Gillespie County, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 134 Days | +119.8% |
Summary: Homes in Gillespie County had an average of 134 days on market in Apr 2024, up by 119.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Gillespie County; 31% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 62% of homes were sold over 90 days.