Recently released Realtor.com data for April shows that prospective buyers and sellers in Tom Green County sold homes at prices below the previous month’s median sales price of $223,750.
The median home sold for $221,398, an analysis of Realtor.com data shows. That means April, the latest month for which figures are available, was 1.1 percent lower than March.
Compared to April 2023, the median home sale price increased 13% to $221,398 from $195,861.
Realtor.com gets its sales data from property deeds, which results in a delay of several months in providing current data. The statistics do not include homes currently listed for sale and are not directly comparable to listing data.
For information on your local real estate market and other useful community data, visit data.gosanangelo.com.
Looking at single-family homes only, the median sales price in Tom Green County in April was $221,398, up 0.4% from the previous month’s $220,500. Since April 2023, the sales price for single-family homes has increased 13%, from a median of $195,899.
No single-family homes sold for $1 million or more during the month.
In April, the number of recorded sales in Tom Green County fell 18.1% from 249 to 204 since April 2023. All residential real estate sales totaled $30.4 million.
In Texas, the median home price sold for $318,559 in April, down 0.2% from March’s $319,213. Statewide, 38,702 sales were recorded in April, up 6.5% from the 36,345 sales recorded in April 2023.
The total value of registered residential real estate sales in Texas increased 17.9% from $6.6 billion in March to $7.8 billion in April this year.
Of all residential real estate sales in Texas, 0.08% of homes sold for at least $1 million in April, compared to 0.13% in April 2023.
Single-family home sales prices across Texas decreased 0.1% from a median of $319,011 in March to $318,805 in April. Since April 2023, single-family home sales prices statewide have increased 1% from $315,787.
Statewide, the sales price for condos and townhomes fell 5.4% from a median of $325,000 in March to $307,479 in April. The median sales price for condos and townhomes fell 0.4% from the median of $308,748 in April 2023.
The median home sale price used in this report represents the average of all homes or apartments listed during the specified time period. The median provides a more accurate picture of market trends than the average sale price, which would divide the sum of all sales prices by the number of homes sold. The average can be skewed by a particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave feedback or corrections to this story here. This story was written by Ozge Terzioglu.
