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Sun City Texas Real Estate Report April 2024

By
Real Estate Broker/Owner with Rugg Realty LLC Sun City Texas 512-818-6700 9000211

Sun City Texas Real Estate Report April 2024

TEXT VERSION

  Sun City Texas Real Estate Report© & Home Sales Summary

April 2024 Results

See online at https://www.ruggrealty.com/sun-city-tx-real-estate-market-reports/

 

April-24

April-23

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$274,000

$285,000

-3.9%

High

$715,000

$798,980

-10.5%

Average

$441,702

$458,158

-3.6%

Median

$415,000

$417,500

-0.6%

Units Sold

36

40

-10.0%

Days on Market

54

57

-5.3%

       

 

April YTD 24

April YTD 23

 

Summary

Sale Price

Sale Price

Change from prior year

Low

$250,000

$285,000

-12.3%

High

$765,000

$798,980

-4.3%

Average

$435,376

$455,206

-4.4%

Median

$414,500

$415,500

-0.2%

Units Sold

146

124

17.7%

Days on Market

74

61

21.3%

Data gathered from ACTRIS MLS May 3, 2024 

Month of April 2024 – Unit sales of 36 were 10% behind last April’s total of 40. The Average Sale Price was $441.7k a 3.6% decline from one year ago. The Median Sale Price was $415k, just .6% decline from the prior year.  On a cost per sq ft basis, the Average Sale Price was $224.6/sq. ft., only 1.9% behind last year’s $228.9/sq. ft. See attached chart for trend. Average Days on Market were surprisingly low at 54 days while it has been running about 90 days. Looking ahead to May 2024, there are 44 re-sale homes currently contingent or under contract/pending. We will be unlikely to reach last May’s total of 47. 

April YTD 2024 – Despite the month’s shortfall in unit sales, the market is still 18% ahead of prior year with 146 units sold.  Prices are still edging downward but at a very slow rate nearing a bottoming out. The Median Sale Price of $414.5k is just .2% behind one year ago at $415.5k, a one-thousand-dollar difference. Entry level price is down 12.3% to $250k. One silver lining is that Sun City has once again become more “affordable” relative to where we were in the Pandemic fueled market.

The Sun City Texas Real Estate Report is an analysis of sales activity for consumers who have an interest in Sun City Texas home values. Its use is not intended to value a specific property or predict future valuations. If you find this report of value, please Follow Us on Facebook. For more information contact Brian Rugg 512-818-6700.

Posted by

 

Brian Rugg

Rugg Realty, Sun City Texas, Georgetown TX

Serving consumers interested in Sun City Texas New & Resale Homes For Sale and Home Owners Interested in Selling Their Sun City Texas Home.

Sun City Texas Real Estate. Sun City Texas MLS Search. Sun City Texas by Del Webb. Sun City Texas New Homes, Sun City Texas Resale Homes

www.RuggRealty.com

Brian@RuggRealty.com

John Pusa
Glendale, CA

Hello Brian Rugg very valuable detailed real estate report for Sun City, Texas.

May 04, 2024 01:52 PM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Brian Rugg this is very good information for both Buyers and Sellers in your area.

May 04, 2024 05:02 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Thanks for sharing your market update.  Great information for buyers and sellers in your area.
May 05, 2024 04:41 AM