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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bertram is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bertram was a Seller's Market.

Key Takeaway

Bertram is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bertram, TX

How much do homes in Bertram, TX cost?

Median Sold Price

$354,300

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,700(-1.3%)

Key Takeaway

Homes in Bertram have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Bertram was $354,300 in October 2024, down 1.3% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $140K$140K
0.0%
2 $535K$140K
-73.8%
3 $330K$318K
-3.6%
4 $517.5K$437.2K
-15.5%
5+ $562.5K$690K
+22.7%

Summary: Bertram housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 73.8%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes increased by 22.7%.

Housing Supply in Bertram, TX

How many homes are available in Bertram, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4053+32.5%

Summary: The Bertram real estate market had 53 homes for sale in October 2024, a 32.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 37
+133.3%
3 2226
+18.2%
4 1317
+30.8%
5+ 12
+100.0%

Summary: The Bertram housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 30.8%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bertram, 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 Bertram in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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

Oct 2023Oct 2024CHANGE
32 Days63 Days+93.6%

Summary: Homes in Bertram had an average of 63 days on market in Oct 2024, up by 93.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Bertram; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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 20 Days Ago

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