$95,000
0.23 Acres
Land
Alicia Villarreal, Listing Office: Access Realty RGV
Is Mercedes, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Mercedes has remained a Buyer's Market.
Key Takeaway
Mercedes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mercedes, TX
How much do homes in Mercedes, TX cost?
Median Sold Price
$157,500
$97/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$57,500(-26.7%)
Key Takeaway
Homes in Mercedes have sold for 26.7% less than they did a month ago.
Summary: The median home sold price in Mercedes was $157,500 in December 2024, down 26.7% from last month, and the median price per square foot was $97.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $215K | $195K | -9.3% |
| 4 Bedrooms | - | $120K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Mercedes housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 9.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Mercedes, TX
How many homes are available in Mercedes, TX?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 73 | 84 | +15.1% |
Summary: The Mercedes real estate market had 84 homes for sale in December 2024, a 15.1% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 42 | 48 | +14.3% |
| 4 Bedrooms | 19 | 23 | +21.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Mercedes housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mercedes, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Mercedes in December 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mercedes, TX
How long does it take to sell a home in Mercedes, TX?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 176 Days | 130 Days | -25.9% |
Summary: Homes in Mercedes had an average of 130 days on market in Dec 2024, down by 25.9% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mercedes has remained consistent over time.
Summary: During December 2024, 2 homes were sold in Mercedes; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2025 San Antonio Board of Realtors®. All Rights Reserved.