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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Seguin is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Seguin, TX

How much do homes in Seguin, TX cost?

Median Sold Price

$304,246

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$2,585(-0.8%)

Key Takeaway

Homes in Seguin have sold for 0.8% less than they did a year ago.

Summary: The median home sold price in Seguin was $304,246 in May 2024, down 0.8% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $155K$225K
+45.2%
2 $224.9K$175K
-22.2%
3 $287K$280.1K
-2.4%
4 $326.9K$324K
-0.9%
5+ $365.3K$359.4K
-1.6%

Summary: Seguin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.2%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 1.6%.

Median Sold Price Compared To Nearby Cities

Southwest Guadalupe
+12.9%
Mc Queeney
+4.3%
Seguin
-0.8%
Northeast Guadalupe
-5.0%

Housing Supply in Seguin, TX

How many homes are available in Seguin, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
459474+3.3%

Summary: The Seguin real estate market had 474 homes for sale in May 2024, a 3.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 2427
+12.5%
3 190196
+3.2%
4 214229
+7.0%
5+ 3021
-30.0%

Summary: The Seguin 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 12.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6864-5.9%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Seguin, you may be able to get a good deal. 65.6% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in Seguin in May 2024, down by 5.9% month-over-month. Of the 64 sold homes, 66% were sold under asking, 22% were sold at asking, and 13% were sold over asking.

Days on Market for Seguin, TX

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

Average Sale Time

May 2023May 2024CHANGE
72 Days109 Days+51.1%

Summary: Homes in Seguin had an average of 109 days on market in May 2024, up by 51.1% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

32 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Seguin are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 64 homes were sold in Seguin; 20% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 50% 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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