January Market Update
January 2025 Market Update for Hays County
Based on how things are stating out this year and the number of calls and appointments I have had already, I think this will be a better year than last year. I also think Spring will pick up as usual and be even busier than last year. It seems like our inventory will continue to increase, which means buyers will have even more options and opportunities to buy a home.
As of January 2025, the Hays County housing market is showing signs of stabilization, creating opportunities for both buyers and sellers. Here's an overview of the latest trends and what to expect as the year unfolds.
Market Overview
Median Home Prices
The median sale price of homes in Hays County in December 2024 was approximately $395,000, reflecting a 1.1% decrease compared to the previous year. This slight decline signals a stabilization in prices after years of rapid growth, making it an approachable market for buyers.
Inventory Levels
The number of active listings increased by 13% from the previous year, reaching 4,913 homes. This higher inventory level gives buyers more options while creating more competition for sellers.
Days on Market
Homes are spending an average of 91 days on the market, a 6.6% decrease from last year. While properties are moving faster than before, they are still lingering long enough for buyers to make thoughtful decisions.
Economic Indicators
The local economy remains stable, with an unemployment rate of 3.5% as of November 2024. This steady economic environment supports continued activity in the housing market.
Tips for Sellers
In a stabilizing market, pricing your home competitively is crucial. Work with an experienced real estate agent to set a realistic price based on current market trends and comparable sales in your area. Additionally, invest in small but impactful upgrades—such as fresh paint, landscaping, or updated lighting—to make your property stand out.
Tips for Buyers
With more homes on the market, buyers have the advantage of choice. Take your time to research neighborhoods and compare properties. Be prepared by getting pre-approved for a mortgage to show sellers you’re serious, and don’t be afraid to negotiate, especially if a home has been on the market for a while.
Looking Ahead
Experts predict that the trends observed in 2024—moderating prices and balanced market conditions—will continue into 2025. Whether you’re buying or selling, staying informed about the latest market dynamics will help you navigate the process confidently.
The Hays County housing market offers exciting opportunities this year. With strategic preparation and a clear understanding of your goals, you can make the most of what this balanced market has to offer.