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 April 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

$340,000

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$4,578(-1.3%)

Key Takeaway

Homes in Schertz have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in Schertz was $340,000 in April 2024, down 1.3% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$139K
N/A
2 $225K$230K
+2.2%
3 $301.3K$304.2K
+1.0%
4 $379.9K$389.9K
+2.6%
5+ $445K$464K
+4.3%

Summary: Schertz housing prices by bedroom type for April 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 increased by 1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 4.3%.

Median Sold Price Compared To Nearby Cities

Cibolo
+0.6%
Schertz
0.4%
Schertz
-1.3%
San Antonio Northeast
-3.3%
Universal City
-8.2%

Housing Supply in Schertz, TX

How many homes are available in Schertz, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
298333+11.7%

Summary: The Schertz real estate market had 333 homes for sale in April 2024, a 11.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 55
0.0%
3 135160
+18.5%
4 135144
+6.7%
5+ 2324
+4.3%

Summary: The Schertz housing inventory by bedroom type for April 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 18.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 4.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6350-20.6%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

12 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. 56% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Schertz in April 2024, down by 20.6% month-over-month. Of the 50 sold homes, 56% were sold under asking, 20% were sold at asking, and 24% 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

Apr 2023Apr 2024CHANGE
71 Days96 Days+35.1%

Summary: Homes in Schertz had an average of 96 days on market in Apr 2024, up by 35.1% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 50 homes were sold in Schertz; 34% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 42% 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 22 Days Ago

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