Is Medina County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Medina County is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Medina County has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Medina County, TX

How much do homes in Medina County, TX cost?

Median Sold Price

$349,900

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$16,600(-4.5%)

Key Takeaway

Homes in Medina County have sold for 4.5% less than they did a year ago.

Summary: The median home sold price in Medina County was $349,900 in October 2024, down 4.5% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $212.5K$175K
-17.6%
2 $185K$224K
+21.1%
3 $317.5K$315.2K
-0.7%
4 $512K$470K
-8.2%
5+ $715K$499.4K
-30.1%

Summary: Medina County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.6%, 2 bedroom homes increased by 21.1%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 30.1%.

Median Sold Price Compared To Nearby Counties

Uvalde County
+11.2%
Bandera County
+3.0%
Medina County
-4.5%
Atascosa County
-6.8%

Housing Supply in Medina County, TX

How many homes are available in Medina County, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
226240+6.2%

Summary: The Medina County real estate market had 240 homes for sale in October 2024, a 6.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 65
-16.7%
2 2225
+13.6%
3 104101
-2.9%
4 7589
+18.7%
5+ 1920
+5.3%

Summary: The Medina County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 5.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1628+75.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Medina County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Medina County in October 2024, up by 75.0% month-over-month. Of the 28 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.

Days on Market for Medina County, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
86 Days127 Days+47.0%

Summary: Homes in Medina County had an average of 127 days on market in Oct 2024, up by 47% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 28 homes were sold in Medina County; 11% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 61% 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

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