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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tyler is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Tyler, TX

How much do homes in Tyler, TX cost?

Median Sold Price

$633,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$303,000(+91.8%)

Key Takeaway

Homes in Tyler have sold for 91.8% more than they did a year ago.

Summary: The median home sold price in Tyler was $633,000 in November 2024, up 91.8% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$165K
N/A
2 --
N/A
3 $325K$330K
+1.5%
4 $375K$710K
+89.3%
5+ -$1.1M
N/A

Summary: Tyler housing prices by bedroom type for November 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 increased by 1.5%, 4 bedroom homes increased by 89.3%, and 5+ bedroom homes did not change.

Housing Supply in Tyler, TX

How many homes are available in Tyler, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
627743+18.5%

Summary: The Tyler real estate market had 743 homes for sale in November 2024, a 18.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 5364
+20.8%
3 297372
+25.3%
4 203229
+12.8%
5+ 7275
+4.2%

Summary: The Tyler housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 25.3%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 4.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3230-6.3%

Asking Price vs. Sold Price

1 Home Was 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 Tyler, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Tyler in November 2024, down by 6.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Tyler, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
78 Days65 Days-16.7%

Summary: Homes in Tyler had an average of 65 days on market in Nov 2024, down by 16.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tyler has remained consistent over time.

Summary: During November 2024, 30 homes were sold in Tyler; 10% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% 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 21 Days Ago

Newest Listings in Tyler, TX

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What housing markets are near Tyler, TX?