Is Gillespie County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gillespie County has remained a Buyer's Market.
Housing Prices in Gillespie County, TX
How much do homes in Gillespie County, TX cost?
Median Sold Price
$540,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gillespie County was $540,000 in May 2024, down 6.9% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $592.5K | $439.5K | -25.8% |
2 Bedrooms | $609K | $399K | -34.5% |
3 Bedrooms | $525K | $545K | +3.8% |
4 Bedrooms | $820K | $598.5K | -27.0% |
5+ Bedrooms | $667.5K | $1.2M | +87.1% |
Summary: Gillespie County housing prices by bedroom type for May 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 increased by 3.8%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes increased by 87.1%.
Median Sold Price Compared To Nearby Counties
Kerr County | $410.5K | $425K | +3.5% |
Llano County | $559.7K | $573.4K | +2.4% |
Blanco County | $482.4K | $490K | +1.6% |
Gillespie County | $580K | $540K | -6.9% |
Housing Supply in Gillespie County, TX
How many homes are available in Gillespie County, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 120 | +12.1% |
Summary: The Gillespie County real estate market had 120 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 49 | 56 | +14.3% |
4 Bedrooms | 24 | 28 | +16.7% |
5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Gillespie County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Gillespie County in May 2024, down by 42.9% month-over-month. Of the 3 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
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 52 Days | -24.6% |
Summary: Homes in Gillespie County had an average of 52 days on market in May 2024, down by 24.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Gillespie County; 13% of homes were sold within 30 days, 88% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.