Buda Real Estate News: October 2023 Edition
Hey, Budaful. Ready for a look at the Buda. TX housing market?
MARKET UPDATE | 78610
Austin Board of REALTORS reports that there were 58 closed sales in zip code 78610, which is a 20.8% increase from the previous year. Typically, home sales slow during autumn. Perhaps buyers are adjusting to the increased interest rates we’ve seen this year. The current average price for a home in Buda, TX is $398,556, which is a 15.7% decrease from the previous year. Additionally, the median price for a home in the area is $369.770, that’s 15.7% lower than the previous year.
As of October 2023, there were 83 new listings, with a total of 33 active listings and 78 pending sales. The average price per square foot in Buda, TX is currently at $196, which is a 10.5% decrease from last year. Homes are selling with an average of 57 days on the market. With a current inventory of 3.5 months, it's still a seller's market in Buda, TX.
THINKING ABOUT BUYING IN BUDA?
On average, homes in Buda, Texas are selling for 94.1% of the original list price. Even though there are less properties available, sellers, including builders, seem to be willing to negotiate contract terms. With home prices leveling and more favorable contract terms, it may be a good time for you to make a move.
GET MONTHLY MARKET UPDATES
We hope this update on the Buda real estate market has been helpful to you. We'll continue to keep a close eye on the local market, so subscribe to automatically get updates in the future! Feel free to call or text anytime with your real estate questions.
