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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schertz is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Schertz was a Neutral Market.

Key Takeaway

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

Housing Prices in Schertz, TX

How much do homes in Schertz, TX cost?

Median Sold Price

$325,102

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$18,041(-5.3%)

Key Takeaway

Homes in Schertz have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in Schertz was $325,102 in October 2024, down 5.3% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $139K$730K
+425.2%
2 $226.4K$220K
-2.8%
3 $304.9K$290K
-4.9%
4 $388K$380K
-2.1%
5+ $459.5K$438K
-4.7%

Summary: Schertz housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 425.2%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 4.7%.

Median Sold Price Compared To Nearby Cities

Universal City
+3.6%
San Antonio Northeast
-1.9%
Schertz
-3.4%
Schertz
-5.3%
Cibolo
-5.4%

Housing Supply in Schertz, TX

How many homes are available in Schertz, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
298314+5.4%

Summary: The Schertz real estate market had 314 homes for sale in October 2024, a 5.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 89
+12.5%
3 142144
+1.4%
4 118129
+9.3%
5+ 2931
+6.9%

Summary: The Schertz 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 increased by 12.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 6.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3153+71.0%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schertz, you may be able to get a good deal. 66% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Schertz in October 2024, up by 71.0% month-over-month. Of the 53 sold homes, 66% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Schertz, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
98 Days82 Days-17.0%

Summary: Homes in Schertz had an average of 82 days on market in Oct 2024, down by 17% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 53 homes were sold in Schertz; 30% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 38% 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 16 Days Ago

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