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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schertz-Cibolo is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Schertz-Cibolo was a Seller's Market.

Key Takeaway

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

Housing Prices in Schertz-Cibolo, TX

How much do homes in Schertz-Cibolo, TX cost?

Median Sold Price

$340,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$10,000(-2.9%)

Key Takeaway

Homes in Schertz-Cibolo have sold for 2.9% less than they did a year ago.

Summary: The median home sold price in Schertz-Cibolo was $340,000 in May 2024, down 2.9% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $245K$139K
-43.3%
2 $229.9K$230K
0.0%
3 $315K$305K
-3.2%
4 $370K$368K
-0.6%
5+ $422K$410K
-2.8%

Summary: Schertz-Cibolo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43.3%, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.2%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Cities

Marion
+6.3%
Schertz
-1.5%
Schertz-Cibolo
-2.9%
Cibolo
-4.2%

Housing Supply in Schertz-Cibolo, TX

How many homes are available in Schertz-Cibolo, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
719779+8.3%

Summary: The Schertz-Cibolo real estate market had 779 homes for sale in May 2024, a 8.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1516
+6.7%
3 324350
+8.0%
4 309341
+10.4%
5+ 7172
+1.4%

Summary: The Schertz-Cibolo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 1.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
129111-14.0%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schertz-Cibolo, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.

Summary: A total of 111 homes were sold or pending in Schertz-Cibolo in May 2024, down by 14.0% month-over-month. Of the 111 sold homes, 51% were sold under asking, 30% were sold at asking, and 19% were sold over asking.

Days on Market for Schertz-Cibolo, TX

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

Average Sale Time

May 2023May 2024CHANGE
75 Days95 Days+26.7%

Summary: Homes in Schertz-Cibolo had an average of 95 days on market in May 2024, up by 26.7% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

36 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Schertz-Cibolo has remained consistent over time.

Summary: During May 2024, 111 homes were sold in Schertz-Cibolo; 29% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 32% 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 3 Days Ago

Newest Listings in Schertz-Cibolo, TX

Nearby Markets to Schertz-Cibolo, TX

What housing markets are near Schertz-Cibolo, TX?