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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockwall Ranch is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Rockwall Ranch was a Neutral Market.

Key Takeaway

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

Housing Prices in Rockwall Ranch, TX

How much do homes in Rockwall Ranch, TX cost?

Median Sold Price

$902,505

$286/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$272,495(-23.2%)

Key Takeaway

Homes in Rockwall Ranch have sold for 23.2% less than they did a month ago.

Summary: The median home sold price in Rockwall Ranch was $902,505 in October 2024, down 23.2% from last month, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $1.1M$902.5K
-23.2%
5+ $1.2M-
N/A

Summary: Rockwall Ranch 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 decreased by 23.2%, and 5+ bedroom homes did not change.

Housing Supply in Rockwall Ranch, TX

How many homes are available in Rockwall Ranch, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
20200.0%

Summary: The Rockwall Ranch real estate market had 20 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 55
0.0%
4 1212
0.0%
5+ 33
0.0%

Summary: The Rockwall Ranch 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

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 Rockwall Ranch, 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 Rockwall Ranch in October 2024, down by 66.7% month-over-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 Rockwall Ranch, TX

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

Average Sale Time

Sep 2024Oct 2024CHANGE
64 Days19 Days-70.5%

Summary: Homes in Rockwall Ranch had an average of 19 days on market in Oct 2024, down by 70.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rockwall Ranch are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Rockwall Ranch; 100% of homes were sold within 30 days, 0% 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

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