Is Salado, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salado is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Salado has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Salado, TX

How much do homes in Salado, TX cost?

Median Sold Price

$585,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,500(+1.1%)

Key Takeaway

Homes in Salado have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Salado was $585,000 in November 2024, up 1.1% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$660K
N/A
2 $420K$580.5K
+38.2%
3 $454.1K$473K
+4.1%
4 $608K$590.2K
-2.9%
5+ $580.8K$779.9K
+34.3%

Summary: Salado 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 increased by 38.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 34.3%.

Median Sold Price Compared To Nearby Cities

South Bell
+4.5%
Salado
+1.1%

Housing Supply in Salado, TX

How many homes are available in Salado, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
123145+17.9%

Summary: The Salado real estate market had 145 homes for sale in November 2024, a 17.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 24
+100.0%
3 3946
+17.9%
4 6780
+19.4%
5+ 1515
0.0%

Summary: The Salado 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 increased by 100%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salado, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Salado in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Salado, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
59 Days122 Days+106.8%

Summary: Homes in Salado had an average of 122 days on market in Nov 2024, up by 106.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Salado are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 4 homes were sold in Salado; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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 17 Days Ago

Newest Listings in Salado, TX

Nearby Markets to Salado, TX

What housing markets are near Salado, TX?