$8,609 Closing Credit*
$725,000
3,657 SqFt
4 Beds
•4 Full Baths, 1 Partial
Ronald Linton, Listing Office: Coldwell Banker Realty - Houston Bay Area
Is Palacios, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Palacios has remained a Buyer's Market.
Key Takeaway
Palacios is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palacios, TX
How much do homes in Palacios, TX cost?
Median Sold Price
$245,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$49,000(-16.7%)
Key Takeaway
Homes in Palacios have sold for 16.7% less than they did a year ago.
Summary: The median home sold price in Palacios was $245,000 in December 2024, down 16.7% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $54.8K | -84.5% |
| 2 Bedrooms | $189K | $250K | +32.3% |
| 3 Bedrooms | $305K | $227.5K | -25.4% |
| 4 Bedrooms | $378.5K | $357.2K | -5.6% |
| 5+ Bedrooms | $800K | $298K | -62.7% |
Summary: Palacios housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 84.5%, 2 bedroom homes increased by 32.3%, 3 bedroom homes decreased by 25.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 62.7%.
Housing Supply in Palacios, TX
How many homes are available in Palacios, TX?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 57 | 62 | +8.8% |
Summary: The Palacios real estate market had 62 homes for sale in December 2024, a 8.8% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 29 | 31 | +6.9% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Palacios housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Palacios, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Palacios in December 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Palacios, TX
How long does it take to sell a home in Palacios, TX?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 24 Days | 52 Days | +117.5% |
Summary: Homes in Palacios had an average of 52 days on market in Dec 2024, up by 117.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Palacios has remained consistent over time.
Summary: During December 2024, 5 homes were sold in Palacios; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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Based on Information provided by South Texas MLS, LLC ©2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The MLS aggregate data is a copyright of Texas Association of REALTORS® (TAR) and that the reader may not reproduce or distribute the MLS aggregate data. IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.