Is Hondo, 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, Hondo was a Seller's Market.
Key Takeaway
Hondo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hondo, TX
How much do homes in Hondo, TX cost?
Median Sold Price
$238,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hondo have sold for 18.4% less than they did a year ago.
Summary: The median home sold price in Hondo was $238,000 in May 2024, down 18.4% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.5K | $215K | +145.7% |
| 2 Bedrooms | $200K | $220.3K | +10.2% |
| 3 Bedrooms | $293.5K | $249.9K | -14.9% |
| 4 Bedrooms | $372K | $325K | -12.6% |
| 5+ Bedrooms | $492.5K | $190K | -61.4% |
Summary: Hondo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 145.7%, 2 bedroom homes increased by 10.2%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes decreased by 61.4%.
Housing Supply in Hondo, TX
How many homes are available in Hondo, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 46 | +31.4% |
Summary: The Hondo real estate market had 46 homes for sale in May 2024, a 31.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 5 | 9 | +80.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Hondo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 80%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hondo, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hondo in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Hondo, TX
How long does it take to sell a home in Hondo, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 114 Days | +284.3% |
Summary: Homes in Hondo had an average of 114 days on market in May 2024, up by 284.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hondo has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Hondo; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved. 
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.