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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Schertz is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Schertz has remained a Seller's Market.

Key Takeaway

Schertz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Schertz, TX

How much do homes in Schertz, TX cost?

Median Sold Price

$340,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$1,466(+0.4%)

Key Takeaway

The sold price of homes in Schertz has remained the same since last year.

Summary: The median home sold price in Schertz was $340,000 in April 2024, up 0.4% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $299.5K$139K
-53.6%
2 $220K$227K
+3.2%
3 $300.6K$308K
+2.4%
4 $390K$390K
0.0%
5+ $452.5K$474.9K
+5.0%

Summary: Schertz housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.6%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 5%.

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
183212+15.8%

Summary: The Schertz real estate market had 212 homes for sale in April 2024, a 15.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 7596
+28.0%
4 90100
+11.1%
5+ 1615
-6.3%

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 decreased by 50%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 6.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4341-4.7%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 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. 56.1% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Schertz in April 2024, down by 4.7% month-over-month. Of the 41 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
65 Days85 Days+32.0%

Summary: Homes in Schertz had an average of 85 days on market in Apr 2024, up by 32% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

16 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, 41 homes were sold in Schertz; 32% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 39% 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 28 Days Ago

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