Sun City Texas Real Estate Report
Dec 2023 by Rugg Realty
Text Version
December 2023 Results
See online at www.SunCity https://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/
|
December-23 |
December-22 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$252,500 |
$295,250 |
-14.5% |
High |
$750,000 |
$690,000 |
8.7% |
Average |
$435,383 |
$438,669 |
-0.7% |
Median |
$427,500 |
$417,000 |
2.5% |
Units Sold |
30 |
27 |
11.1% |
Days on Market |
65 |
48 |
35.4% |
|
Dec YTD 23 |
Dec YTD 22 |
|
Summary |
Sale Price |
Sale Price |
Change from prior year |
Low |
$252,500 |
$250,000 |
1.0% |
High |
$985,000 |
$869,990 |
13.2% |
Average |
$437,402 |
$476,542 |
-8.2% |
Median |
$401,500 |
$450,000 |
-10.8% |
Units Sold |
422 |
469 |
-10.0% |
Days on Market |
60 |
17 |
252.9% |
Data gathered from ACTRIS MLS December 3, 2023
Highlights for Month of Dec.
- Unit volume is up more than 11% vs last year.
- Average Sale Price nearly even with one year ago down less than 1%.
- Median Sale price actually rose 2.5%.
- Days on Market continue to slow to 65 days.
- There are 34 re-sale homes under contract. We will exceed last January’s total of 17 units sold.
Highlights for Dec. YTD
- 422 Properties sold is just 10% behind last year’s 469 volume.
- Both Average & Median Sales prices are down 8% & 11% respectively.
- High watermark for the year of $985k was a custom-built home.
- 105 Homes in inventory, sales averaging 35 properties a month, means 3 months of inventory.
- Average Square foot price for 2023 is $225.5/ft.
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