Is Cinco Ranch West, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cinco Ranch West is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Cinco Ranch West has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cinco Ranch West, TX

How much do homes in Cinco Ranch West, TX cost?

Median Sold Price

$439,500

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,500(+2.2%)

Key Takeaway

Homes in Cinco Ranch West have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Cinco Ranch West was $439,500 in October 2024, up 2.2% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $395.4K$347K
-12.3%
3 $405K$416.2K
+2.8%
4 $482K$509.2K
+5.7%
5+ $675K$950K
+40.7%

Summary: Cinco Ranch West 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 12.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 40.7%.

Median Sold Price Compared To Nearby Neighborhoods

Cinco Ranch West
+2.2%
Cinco Ranch
-3.1%

Housing Supply in Cinco Ranch West, TX

How many homes are available in Cinco Ranch West, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2931+6.9%

Summary: The Cinco Ranch West real estate market had 31 homes for sale in October 2024, a 6.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1113
+18.2%
4 1110
-9.1%
5+ 34
+33.3%

Summary: The Cinco Ranch West 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 remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cinco Ranch West, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Cinco Ranch West in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Cinco Ranch West, TX

How long does it take to sell a home in Cinco Ranch West, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days22 Days-31.7%

Summary: Homes in Cinco Ranch West had an average of 22 days on market in Oct 2024, down by 31.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Cinco Ranch West; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Cinco Ranch West, TX

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