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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Converse is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Converse, TX

How much do homes in Converse, TX cost?

Median Sold Price

$266,871

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,554(-1.3%)

Key Takeaway

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

Summary: The median home sold price in Converse was $266,871 in October 2024, down 1.3% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $188K$194K
+3.2%
3 $257.7K$250K
-3.0%
4 $295K$296.7K
+0.6%
5+ $358K$344K
-3.9%

Summary: Converse 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 increased by 3.2%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Cities

Universal City
+3.6%
Live Oak
+1.1%
Converse
-1.3%
San Antonio Northeast
-1.9%
Schertz
-3.4%

Housing Supply in Converse, TX

How many homes are available in Converse, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
397415+4.5%

Summary: The Converse real estate market had 415 homes for sale in October 2024, a 4.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 217228
+5.1%
4 156155
-0.6%
5+ 2029
+45.0%

Summary: The Converse 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 decreased by 25%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 45%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7156-21.1%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Converse, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in Converse in October 2024, down by 21.1% month-over-month. Of the 56 sold homes, 39% were sold under asking, 39% were sold at asking, and 21% were sold over asking.

Days on Market for Converse, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
60 Days83 Days+39.0%

Summary: Homes in Converse had an average of 83 days on market in Oct 2024, up by 39% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Converse has remained consistent over time.

Summary: During October 2024, 56 homes were sold in Converse; 25% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 34% 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 16 Days Ago

Newest Listings in Converse, TX

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