Is South Central, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Central is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in South Central, TX

How much do homes in South Central, TX cost?

Median Sold Price

$862,176

$536/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,509(+3.0%)

Key Takeaway

Homes in South Central have sold for 3% more than they did a year ago.

Summary: The median home sold price in South Central was $862,176 in October 2024, up 3% from last year, and the median price per square foot was $536.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $376.2K$350K
-7.0%
2 $612.5K$640K
+4.5%
3 $975K$923.5K
-5.3%
4 $1.8M$1.4M
-20.8%
5+ $2.1M$1.9M
-11.2%

Summary: South Central housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes decreased by 11.2%.

Housing Supply in South Central, TX

How many homes are available in South Central, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
382408+6.8%

Summary: The South Central real estate market had 408 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3841
+7.9%
2 110110
0.0%
3 119135
+13.4%
4 7879
+1.3%
5+ 3743
+16.2%

Summary: The South Central housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.9%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 16.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3134+9.7%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Central, you may be able to get a good deal. 85.3% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in South Central in October 2024, up by 9.7% month-over-month. Of the 34 sold homes, 85% were sold under asking, 9% were sold at asking, and 6% were sold over asking.

Days on Market for South Central, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
66 Days79 Days+19.3%

Summary: Homes in South Central had an average of 79 days on market in Oct 2024, up by 19.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in South Central has remained consistent over time.

Summary: During October 2024, 34 homes were sold in South Central; 29% of homes were sold within 30 days, 38% 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 16 Days Ago

Newest Listings in South Central, TX

Nearby Markets to South Central, TX