How long does it take to sell a home in Steiner Ranch?
In November 2024, the properties that went under contract in the Steiner Ranch area took an average of 80 days to go under contract.
In November 2024, Steiner Ranch saw only 9 new property listings, and four of them went under contract. We are starting to see more movement than in recent months.
Of those 4 properties that went under contract, all were listed between $700,000 and $800,000.
How much below asking price do homes in Steiner Ranch typically sell for?
In November 2024, homes in the Steiner Ranch area closed for an average of 93% of their original list price, and 98% of the price at the time of contract.
These numbers have both been increasing over the past three months indicating that sellers and listings agents are starting to better understand market conditions and are pricing more accurately.
Do most people pay cash or use financing to buy a home in Steiner Ranch?
In November 2024, 9% of buyers paid cash, while 91% used financing to purchase their home in Steiner Ranch.
How is the rental market in Steiner Ranch?
The Steiner Ranch rental market followed the usual patterns for fall with a decrease in number of properties leased and increase in time it took to lease them.
In November 2024, the rental market in Steiner Ranch continued to cool as it usually does in the fall. The number leased in November was only 5 compared to 11 in October.
Rental Prices and Value
The price per square foot for the properties that were leased in November 2024 averaged $1.33, which is more than the $1.24 in October, however this was due to some rare higher end leases in November. When I list properties for lease, I always recommend using these charts to determine how long of a lease to offer. You want to end the lease at the best time of year. And because of this, I typically advise againse letting clients go month to month at the end. It could cost you a lot if they decide to leave at an unfavorable time of year.
Days on Market
The number of days it took to lease properties in 78732 was 74 days in October and 57 days in November.
How can we reach you to discuss our property?
As always, if I can help you buy or sell or just answer any questions about Steiner Ranch or the Steiner Ranch market, don’t hesitate to give me a call at (512) 657-7510 or email me at Elicia@SteinerRanchinfo.com
