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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schertz is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Schertz was a Seller's Market.

Key Takeaway

Schertz is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Schertz, TX

How much do homes in Schertz, TX cost?

Median Sold Price

$338,851

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$5,017(-1.5%)

Key Takeaway

Homes in Schertz have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in Schertz was $338,851 in May 2024, down 1.5% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$139K
N/A
2 $225K$230K
+2.2%
3 $305K$299.9K
-1.7%
4 $383K$389.4K
+1.7%
5+ $455K$464K
+2.0%

Summary: Schertz 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 increased by 2.2%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Schertz
-0.2%
Schertz
-1.5%
San Antonio Northeast
-3.7%
Cibolo
-4.2%
Universal City
-5.9%

Housing Supply in Schertz, TX

How many homes are available in Schertz, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
323341+5.6%

Summary: The Schertz real estate market had 341 homes for sale in May 2024, a 5.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 152160
+5.3%
4 142150
+5.6%
5+ 2324
+4.3%

Summary: The Schertz 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 increased by 16.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5853-8.6%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Schertz, you may be able to get a good deal. 58.5% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Schertz in May 2024, down by 8.6% month-over-month. Of the 53 sold homes, 58% were sold under asking, 32% were sold at asking, and 9% were sold over asking.

Days on Market for Schertz, TX

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

Average Sale Time

May 2023May 2024CHANGE
59 Days82 Days+38.5%

Summary: Homes in Schertz had an average of 82 days on market in May 2024, up by 38.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 53 homes were sold in Schertz; 28% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 30% 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 2 Days Ago

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