Is Rancho del Lago, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Rancho del Lago has remained a Buyer's Market.
Housing Prices in Rancho del Lago, TX
How much do homes in Rancho del Lago, TX cost?
Median Sold Price
$499,330
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rancho del Lago was $499,330 in May 2024, up 3% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $520K | $485K | -6.7% |
3 Bedrooms | $470K | $449.9K | -4.3% |
4 Bedrooms | $605K | $585K | -3.3% |
5+ Bedrooms | $670K | - | N/A |
Summary: Rancho del Lago housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes did not change.
Housing Supply in Rancho del Lago, TX
How many homes are available in Rancho del Lago, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 32 | +10.3% |
Summary: The Rancho del Lago real estate market had 32 homes for sale in May 2024, a 10.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 20 | 21 | +5.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Rancho del Lago 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 remained the same, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Rancho del Lago in May 2024, down by 71.4% 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 Rancho del Lago, TX
How long does it take to sell a home in Rancho del Lago, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
125 Days | 110 Days | -12.0% |
Summary: Homes in Rancho del Lago had an average of 110 days on market in May 2024, down by 12% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Rancho del Lago; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.