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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rancho del Lago West is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Rancho del Lago West was a Buyer's Market.

Key Takeaway

Rancho del Lago West is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Rancho del Lago West, TX

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

Median Sold Price

$412,500

$266/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$500(+0.1%)

Key Takeaway

The sold price of homes in Rancho del Lago West has remained the same since last month.

Summary: The median home sold price in Rancho del Lago West was $412,500 in November 2024, up 0.1% from last month, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 -$412.5K
N/A
4 $412K-
N/A
5+ --
N/A

Summary: Rancho del Lago West housing prices by bedroom type for November 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Rancho del Lago West, TX

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2526+4.0%

Summary: The Rancho del Lago West real estate market had 26 homes for sale in November 2024, a 4.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2123
+9.5%
4 43
-25.0%
5+ 00
0.0%

Summary: The Rancho del Lago West housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rancho del Lago West, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Rancho del Lago West in November 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% were sold over asking.

Days on Market for Rancho del Lago West, TX

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

Average Sale Time

Oct 2024Nov 2024CHANGE
37 Days56 Days+52.7%

Summary: Homes in Rancho del Lago West had an average of 56 days on market in Nov 2024, up by 52.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rancho del Lago West has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Rancho del Lago West; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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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