Is Gay Hill-Independence, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Gay Hill-Independence was a Neutral Market.
Housing Prices in Gay Hill-Independence, TX
How much do homes in Gay Hill-Independence, TX cost?
Median Sold Price
$642,500
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gay Hill-Independence was $642,500 in April 2024, up 5.3% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $430K | $812.5K | +89.0% |
3 Bedrooms | $457.5K | $527.5K | +15.3% |
4 Bedrooms | $1.9M | $482.5K | -74.6% |
5+ Bedrooms | - | $1.4M | N/A |
Summary: Gay Hill-Independence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 89%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 74.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Washington-Chappell Hill | $525K | $610.5K | +16.3% |
Gay Hill-Independence | $610K | $642.5K | +5.3% |
South Brazos | $358.9K | $357.9K | -0.3% |
Housing Supply in Gay Hill-Independence, TX
How many homes are available in Gay Hill-Independence, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 15 | -16.7% |
Summary: The Gay Hill-Independence real estate market had 15 homes for sale in April 2024, a 16.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 11 | 8 | -27.3% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Gay Hill-Independence housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Gay Hill-Independence in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Gay Hill-Independence, TX
How long does it take to sell a home in Gay Hill-Independence, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
4 Days | 176 Days | +4318.8% |
Summary: Homes in Gay Hill-Independence had an average of 176 days on market in Apr 2024, up by 4318.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Gay Hill-Independence; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.