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 Last Month

Since last month, 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

$710,000

$228/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$124,000(-14.9%)

Key Takeaway

Homes in Tyler have sold for 14.9% less than they did a month ago.

Summary: The median home sold price in Tyler was $710,000 in October 2024, down 14.9% from last month, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $330K-
N/A
4 $834K$710K
-14.9%
5+ $1.4M-
N/A

Summary: Tyler housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 14.9%, 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

Sep 2024Oct 2024CHANGE
208225+8.2%

Summary: The Tyler real estate market had 225 homes for sale in October 2024, a 8.2% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1719
+11.8%
3 7488
+18.9%
4 8186
+6.2%
5+ 3632
-11.1%

Summary: The Tyler 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 11.8%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3025-16.7%

Asking Price vs. Sold Price

2 Homes Were 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 25 homes were sold or pending in Tyler in October 2024, down by 16.7% month-over-month. Of the 2 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

Sep 2024Oct 2024CHANGE
84 Days6 Days-92.3%

Summary: Homes in Tyler had an average of 6 days on market in Oct 2024, down by 92.3% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tyler are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 25 homes were sold in Tyler; 8% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Tyler, TX

Nearby Markets to Tyler, TX

What housing markets are near Tyler, TX?