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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blanco is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Blanco was a Neutral Market.

Key Takeaway

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

Housing Prices in Blanco, TX

How much do homes in Blanco, TX cost?

Median Sold Price

$475,000

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,010(+1.1%)

Key Takeaway

Homes in Blanco have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Blanco was $475,000 in November 2024, up 1.1% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $420K$625K
+48.8%
2 $476K$337K
-29.2%
3 $459.9K$475K
+3.3%
4 $525K$563K
+7.2%
5+ $650K$612.4K
-5.8%

Summary: Blanco housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.8%, 2 bedroom homes decreased by 29.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes decreased by 5.8%.

Housing Supply in Blanco, TX

How many homes are available in Blanco, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
97109+12.4%

Summary: The Blanco real estate market had 109 homes for sale in November 2024, a 12.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 44
0.0%
2 45
+25.0%
3 6871
+4.4%
4 1824
+33.3%
5+ 35
+66.7%

Summary: The Blanco housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
95-44.4%

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 Blanco, 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 Blanco in November 2024, down by 44.4% 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 Blanco, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
74 Days245 Days+227.7%

Summary: Homes in Blanco had an average of 245 days on market in Nov 2024, up by 227.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Blanco are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 5 homes were sold in Blanco; 20% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 80% 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 2 Days Ago

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