In September, the median home listing price in Tom Green County saw an increase, now standing at $297,450. This marks a rise from August’s median of $294,950. A year-over-year comparison shows a slight climb from $297,000 in September 2024.
Overview of Housing Market Trends in Tom Green County
Data sourced from Realtor.com highlights key insights into the local real estate landscape. The statistics presented focus specifically on homes currently available for sale.
Key Statistics
- Median Home Price: $297,450
- Median Home Size: 1,795 square feet
- Price Per Square Foot: $166
- Days on Market: 61 days
- New Listings: 154 homes
Market Dynamics
Homes in Tom Green County are moving steadily, with a median of 61 days listed on the market. This is closely aligned with the national median of 62 days. Last month, homes had a median market duration of 60 days.
In September, the county saw 154 new listings, reflecting an 11.5% decrease from 174 new listings during the same month last year.
Comparative Data Across Regions
In the broader San Angelo metro area, the median home price rose to $298,500, with homes averaging 1,794 square feet, also listed at $166 per square foot. Statewide, Texas experienced a median home price of $364,950, which represents a slight decline from August figures.
National Trends
On a national level, the median home price was recorded at $425,000, a minor decrease from the previous month. The average American home for sale encompassed 1,840 square feet, priced at $226 per square foot.
Conclusion
Overall, the real estate market in Tom Green County presents a fluctuating yet generally stable environment. The increase in the median home listing price alongside a reduction in new listings may indicate a competitive market. For ongoing updates and insights into local housing data, residents can visit El-Balad.
