$5,284 Closing Credit*
$445,000
3,235 SqFt
4 Beds
•2 Full Baths, 1 Partial
Maynard Stephens, Listing Office: Keller Williams City-View
Is Sonoma Ranch, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Sonoma Ranch has remained a Buyer's Market.
Key Takeaway
Sonoma Ranch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sonoma Ranch, TX
How much do homes in Sonoma Ranch, TX cost?
Median Sold Price
$342,250
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$81,750(-19.3%)
Key Takeaway
Homes in Sonoma Ranch have sold for 19.3% less than they did a year ago.
Summary: The median home sold price in Sonoma Ranch was $342,250 in October 2024, down 19.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $339.5K | $326.6K | -3.8% |
| 4 Bedrooms | $510K | $455K | -10.8% |
| 5+ Bedrooms | $630K | $546K | -13.3% |
Summary: Sonoma Ranch housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 13.3%.
Housing Supply in Sonoma Ranch, TX
How many homes are available in Sonoma Ranch, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Sonoma Ranch real estate market had 22 homes for sale in October 2024, a 4.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 10 | 7 | -30.0% |
| 4 Bedrooms | 6 | 9 | +50.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Sonoma 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 decreased by 30%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sonoma Ranch, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Sonoma Ranch in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Sonoma Ranch, TX
How long does it take to sell a home in Sonoma Ranch, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 226 Days | 57 Days | -74.5% |
Summary: Homes in Sonoma Ranch had an average of 57 days on market in Oct 2024, down by 74.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sonoma Ranch are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Sonoma Ranch; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved.