Is Red Rock, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Red Rock is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Red Rock has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Red Rock, TX

How much do homes in Red Rock, TX cost?

Median Sold Price

$965,000

$263/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$511,000(+112.6%)

Key Takeaway

Homes in Red Rock have sold for 112.6% more than they did a month ago.

Summary: The median home sold price in Red Rock was $965,000 in October 2024, up 112.6% from last month, and the median price per square foot was $263.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $454K-
N/A
4 -$965K
N/A
5+ --
N/A

Summary: Red Rock housing prices by bedroom type for October 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 Red Rock, TX

How many homes are available in Red Rock, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1413-7.1%

Summary: The Red Rock real estate market had 13 homes for sale in October 2024, a 7.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 97
-22.2%
4 33
0.0%
5+ 00
0.0%

Summary: The Red Rock housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Red Rock, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Red Rock in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Red Rock, TX

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

Average Sale Time

Sep 2024Oct 2024CHANGE
162 Days307 Days+89.5%

Summary: Homes in Red Rock had an average of 307 days on market in Oct 2024, up by 89.5% 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 Red Rock are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Red Rock; 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 16 Days Ago

Newest Listings in Red Rock, TX

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