Best in Texas™: Unpacking Buda’s Shifts and Market Adjustments in April 2024 by ALEX.realestate

ALEX Labs just completed analysis of Buda single family sales reported to the Austin Board of Realtors for April 2024. In about 60 seconds know more about the Buda real estate market than almost anyone! 

NOTE: Buda is served by more than one MLS. ALEX Labs suggests the trends and statistics are valid for the Austin MLS are valid for the total market.

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SUMMARY TABLE:

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MONTHLY TREND: -29%
Predicted Monthly Trend: -2.12% DECREASE from prior month
Sales Net of Monthly Trend: A -26.88% NEGATIVE difference in actual vs predicted sales

TOTAL SALES: 60

Down 29% from the previous month.
Down 12% from the same month last year.

TOTAL NET SALES VOLUME: $24,723,000

Down 30% from the previous month.
Down 23% from the same month last year.

NET SALE PRICE PER SQUARE FOOT:

$205 per square foot average:
Up 3% from the previous month.
Down 4% from the same month last year.

$194 per square foot median:
Up 1% from the previous month.
Down 6% from the same month last year.

NET SALE PRICE:

$405,000 average:
No change from the previous month.
Down 13% from the same month last year.

$364,000 median:
Down 1% from the previous month.
Down 16% from the same month last year.

LIST PRICE PER SQUARE FOOT:

$212 per square foot average:
Up 2% from the previous month.
Down 5% from the same month last year.

$202 per square foot median:
No change from the previous month.
Down 6% from the same month last year.

LIST PRICE:

$419,000 average:
Down 1% from the previous month.
Down 14% from the same month last year.

$374,000 median:
Down 1% from the previous month.
Down 21% from the same month last year.

DISCOUNT FROM LIST PRICE:

-4.6% average discount:
Down 2% from the previous month.
Down 48% from the same month last year.

-3.4% median discount:
Down 9% from the previous month.
Down 42% from the same month last year.

DAYS FROM LISTING TO ESCROW:

77 average days on market:
Up 19% from the previous month.
Down 1% from the same month last year.

49 median days on market:
Up 44% from the previous month.
Up 1% from the same month last year.

HIGH NET SALE PRICE PER SQUARE FOOT: $337

Up 15% from the previous month.
Down 2% from the same month last year.

NOTE: We do not audit ABOR data. We assume unusual numbers (spikes) are probably due to a Listing Agent misclassifying a property as “Single Family Residential” and/or data entry errors

HIGH NET SALE PRICE: $1,225,000

Up 38% from the previous month.
Up 17% from the same month last year.

NOTE: We do not audit ABOR data. We assume unusual numbers (spikes) are probably due to a Listing Agent misclassifying a property as “Single Family Residential” and/or data entry errors

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ALEX knows more about Buda area than just about anybody.

If you have any questions, I am always here. Just call, text or email me. Diane

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
v 713.591.9902
e diane@alex.realestate