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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hutto is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Hutto has remained a Seller's Market.

Key Takeaway

Hutto is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Hutto, TX

How much do homes in Hutto, TX cost?

Median Sold Price

$369,724

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$21,170(-5.4%)

Key Takeaway

Homes in Hutto have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in Hutto was $369,724 in May 2024, down 5.4% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$210K
N/A
2 $282.5K$260K
-8.0%
3 $359.7K$340K
-5.5%
4 $407.8K$386.5K
-5.2%
5+ $490K$463.5K
-5.4%

Summary: Hutto housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 5.4%.

Housing Supply in Hutto, TX

How many homes are available in Hutto, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
300319+6.3%

Summary: The Hutto real estate market had 319 homes for sale in May 2024, a 6.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 103114
+10.7%
4 163169
+3.7%
5+ 3131
0.0%

Summary: The Hutto 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 66.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
7266-8.3%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hutto, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 66 homes were sold or pending in Hutto in May 2024, down by 8.3% month-over-month. Of the 66 sold homes, 55% were sold under asking, 33% were sold at asking, and 12% were sold over asking.

Days on Market for Hutto, TX

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

Average Sale Time

May 2023May 2024CHANGE
61 Days43 Days-28.8%

Summary: Homes in Hutto had an average of 43 days on market in May 2024, down by 28.8% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 66 homes were sold in Hutto; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 11% 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 1 Day Ago

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