Is Rio Medina, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rio Medina is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Rio Medina has remained a Seller's Market.

Key Takeaway

Rio Medina is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rio Medina, TX

How much do homes in Rio Medina, TX cost?

Median Sold Price

$509,000

$218/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$44,000(+9.5%)

Key Takeaway

Homes in Rio Medina have sold for 9.5% more than they did a month ago.

Summary: The median home sold price in Rio Medina was $509,000 in October 2024, up 9.5% from last month, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $465K-
N/A
4 --
N/A
5+ -$509K
N/A

Summary: Rio Medina 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 Rio Medina, TX

How many homes are available in Rio Medina, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
32-33.3%

Summary: The Rio Medina real estate market had 2 homes for sale in October 2024, a 33.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 21
-50.0%
4 00
0.0%
5+ 11
0.0%

Summary: The Rio Medina 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 remained the same, 3 bedroom homes decreased by 50%, 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 Rio Medina, 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 Rio Medina 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 Rio Medina, TX

How long does it take to sell a home in Rio Medina, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
131 Days68 Days-48.1%

Summary: Homes in Rio Medina had an average of 68 days on market in Oct 2024, down by 48.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was 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 Rio Medina has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Rio Medina; 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 4 Days Ago

Newest Listings in Rio Medina, TX

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