Is San Benito, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Benito is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, San Benito was a Seller's Market.

Key Takeaway

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

Housing Prices in San Benito, TX

How much do homes in San Benito, TX cost?

Median Sold Price

$218,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$3,000(+1.4%)

Key Takeaway

Homes in San Benito have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in San Benito was $218,000 in December 2024, up 1.4% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 -$87.9K
N/A
2 $85.1K$129K
+51.6%
3 $215K$223.5K
+4.0%
4 $261.2K$281.7K
+7.8%
5+ $485K$137.4K
-71.6%

Summary: San Benito housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.6%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 71.6%.

Median Sold Price Compared To Nearby Cities

San Benito
+1.4%
Harlingen-San Benito
-1.6%
Los Fresnos-Laureles
-2.0%
Harlingen
-3.9%

Housing Supply in San Benito, TX

How many homes are available in San Benito, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
145151+4.1%

Summary: The San Benito real estate market had 151 homes for sale in December 2024, a 4.1% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1917
-10.5%
3 8495
+13.1%
4 3026
-13.3%
5+ 1213
+8.3%

Summary: The San Benito housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes increased by 13.1%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
164-75.0%

Asking Price vs. Sold Price

4 Homes Were 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 San Benito, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in San Benito in December 2024, down by 75.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for San Benito, TX

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

Average Sale Time

Dec 2023Dec 2024CHANGE
65 Days100 Days+52.4%

Summary: Homes in San Benito had an average of 100 days on market in Dec 2024, up by 52.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in San Benito has remained consistent over time.

Summary: During December 2024, 4 homes were sold in San Benito; 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 4 Days Ago

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