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 November 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

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$24,198(-6.5%)

Key Takeaway

Homes in Medina County have sold for 6.5% less than they did a year ago.

Summary: The median home sold price in Medina County was $349,900 in November 2024, down 6.5% from last year, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $195K$187.5K
-3.8%
2 $185K$205K
+10.8%
3 $335K$315K
-6.0%
4 $535K$475K
-11.2%
5+ $715K$489.9K
-31.5%

Summary: Medina County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 31.5%.

Median Sold Price Compared To Nearby Counties

Uvalde County
+14.0%
Frio County
+3.0%
Bandera County
0.3%
Atascosa County
-6.3%
Medina County
-6.5%

Housing Supply in Medina County, TX

How many homes are available in Medina County, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
232227-2.2%

Summary: The Medina County real estate market had 227 homes for sale in November 2024, a 2.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 53
-40.0%
2 2319
-17.4%
3 100102
+2.0%
4 8484
0.0%
5+ 2019
-5.0%

Summary: The Medina County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3316-51.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 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. 68.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Medina County in November 2024, down by 51.5% month-over-month. Of the 16 sold homes, 69% were sold under asking, 19% were sold at asking, and 13% 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

Nov 2023Nov 2024CHANGE
70 Days140 Days+98.3%

Summary: Homes in Medina County had an average of 140 days on market in Nov 2024, up by 98.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

12 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 November 2024, 16 homes were sold in Medina County; 13% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 75% 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 21 Days Ago

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