December 2024 Rockport Real Estate Market Update

The latest market trends are in for Rockport, Texas, and they show some interesting developments as we head into 2025. Whether you're looking to buy, sell, or stay informed, understanding the current market metrics is essential for making smart real estate decisions. Here's a breakdown of the key stats for December 2024.

Key Market Metrics

The Months Supply of Inventory stands at 9.86, which measures how long it would take to sell all current listings at the current sales pace. This figure represents a 6.89% month-over-month decrease, indicating a slightly tighter market compared to November 2024.

Median Days in RPR is currently at 86, showing homes are spending an average of 86 days on the market. This represents a 23.21% decrease from the previous month, suggesting faster sales and potentially more active buyer engagement.

List to Sold Price Percentage is now at 97.5%, demonstrating that sellers are receiving close to their asking price. This high percentage suggests competitive offers and well-priced listings.

The Median Sold Price for December has adjusted to $354,900, marking a 4.08% decrease from the previous month. This shift suggests a slight stabilization in pricing that might appeal to buyers.

What This Means for Buyers and Sellers

For buyers, the market's current state offers more choices and greater negotiating power. With a healthy level of inventory and properties moving faster than in previous months, now is an opportune time to consider your options and act decisively.

For sellers, achieving near-asking prices is likely if homes are well-priced. The quicker turnover rate indicates that well-prepared homes are still in demand, making it essential to price homes competitively to attract serious buyers.

How to Navigate the Rockport Real Estate Market

Whether you're buying or selling, understanding the trends can help you make informed decisions. For buyers, start your search with a clear understanding of your budget and goals—this market offers plenty of opportunities. For sellers, partner with a local expert who knows how to position your home effectively in this dynamic market.

Looking Ahead to 2025

As we enter the new year, staying informed about local real estate trends is more important than ever. Be sure to follow our monthly market updates to keep your finger on the pulse of the Rockport real estate market.

Ready to Take the Next Step?

Whether you're considering buying or selling, I’m here to help you navigate the Rockport market with confidence. Contact me today to get started, or explore the latest listings here.