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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mico is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Mico was a Buyer's Market.

Key Takeaway

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

Housing Prices in Mico, TX

How much do homes in Mico, TX cost?

Median Sold Price

$650,000

$206/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$67,250(+11.5%)

Key Takeaway

Homes in Mico have sold for 11.5% more than they did a month ago.

Summary: The median home sold price in Mico was $650,000 in December 2024, up 11.5% from last month, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $465.5K$650K
+39.6%
4 $700K$537.5K
-23.2%
5+ -$665K
N/A

Summary: Mico 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 increased by 39.6%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes did not change.

Housing Supply in Mico, TX

How many homes are available in Mico, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2120-4.8%

Summary: The Mico real estate market had 20 homes for sale in December 2024, a 4.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 98
-11.1%
4 99
0.0%
5+ 22
0.0%

Summary: The Mico 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 remained the same, 3 bedroom homes decreased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mico, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Mico in December 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Mico, TX

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

Average Sale Time

Nov 2024Dec 2024CHANGE
83 Days138 Days+65.6%

Summary: Homes in Mico had an average of 138 days on market in Dec 2024, up by 65.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 4 homes were sold in Mico; 25% of homes were sold within 30 days, 0% 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 2 Days Ago

Newest Listings in Mico, TX

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