Is MLK-183, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, MLK-183 has remained a Buyer's Market.
Housing Prices in MLK-183, TX
How much do homes in MLK-183, TX cost?
Median Sold Price
$515,000
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in MLK-183 was $515,000 in May 2024, down 2.8% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $450K | $425K | -5.6% |
2 Bedrooms | $479.9K | $482.5K | 0.5% |
3 Bedrooms | $527.5K | $550K | +4.3% |
4 Bedrooms | $680K | $707.5K | +4.0% |
5+ Bedrooms | $811.2K | - | N/A |
Summary: MLK-183 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes did not change.
Housing Supply in MLK-183, TX
How many homes are available in MLK-183, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 86 | +6.2% |
Summary: The MLK-183 real estate market had 86 homes for sale in May 2024, a 6.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 27 | 25 | -7.4% |
3 Bedrooms | 39 | 43 | +10.3% |
4 Bedrooms | 11 | 14 | +27.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The MLK-183 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 7.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 6 | -53.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in MLK-183 in May 2024, down by 53.8% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for MLK-183, TX
How long does it take to sell a home in MLK-183, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 71 Days | +29.3% |
Summary: Homes in MLK-183 had an average of 71 days on market in May 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in MLK-183; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.