Is Rancho del Lago, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rancho del Lago is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Rancho del Lago was a Neutral Market.

Key Takeaway

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

Housing Prices in Rancho del Lago, TX

How much do homes in Rancho del Lago, TX cost?

Median Sold Price

$389,285

$256/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$23,215(-5.6%)

Key Takeaway

Homes in Rancho del Lago have sold for 5.6% less than they did a month ago.

Summary: The median home sold price in Rancho del Lago was $389,285 in December 2024, down 5.6% from last month, and the median price per square foot was $256.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $400K$389.2K
-2.7%
4 $579.9K-
N/A
5+ --
N/A

Summary: Rancho del Lago 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 2.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

The Point
0.0%
Rancho del Lago
-5.6%

Housing Supply in Rancho del Lago, TX

How many homes are available in Rancho del Lago, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
4241-2.4%

Summary: The Rancho del Lago real estate market had 41 homes for sale in December 2024, a 2.4% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 3635
-2.8%
4 66
0.0%
5+ 00
0.0%

Summary: The Rancho del Lago 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 2.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rancho del Lago, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Rancho del Lago in December 2024, down by 83.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Rancho del Lago, TX

How long does it take to sell a home in Rancho del Lago, TX?

Average Sale Time

Nov 2024Dec 2024CHANGE
102 Days97 Days-5.2%

Summary: Homes in Rancho del Lago had an average of 97 days on market in Dec 2024, down by 5.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 1 homes were sold in Rancho del Lago; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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

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