Is Redbird Ranch, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Redbird Ranch is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Redbird Ranch was a Buyer's Market.

Key Takeaway

Redbird Ranch 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 Redbird Ranch, TX

How much do homes in Redbird Ranch, TX cost?

Median Sold Price

$315,000

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,000(+2.3%)

Key Takeaway

Homes in Redbird Ranch have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Redbird Ranch was $315,000 in November 2024, up 2.3% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $270K$270K
0.0%
4 $330.5K$340K
+2.9%
5+ $406.2K$313K
-23.0%

Summary: Redbird Ranch housing prices by bedroom type for November 2024 compared to the previous year: 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 increased by 2.9%, and 5+ bedroom homes decreased by 23%.

Housing Supply in Redbird Ranch, TX

How many homes are available in Redbird Ranch, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1614-12.5%

Summary: The Redbird Ranch real estate market had 14 homes for sale in November 2024, a 12.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 117
-36.4%
5+ 02
+100.0%

Summary: The Redbird Ranch 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 remained the same, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

1 Home Was 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 Redbird Ranch, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Redbird Ranch in November 2024, down by 71.4% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Redbird Ranch, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days112 Days+128.6%

Summary: Homes in Redbird Ranch had an average of 112 days on market in Nov 2024, up by 128.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Redbird Ranch has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Redbird Ranch; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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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