Is Pointe West, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pointe West was a Seller's Market.
Key Takeaway
Pointe West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pointe West, TX
How much do homes in Pointe West, TX cost?
Median Sold Price
$624,900
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Pointe West have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Pointe West was $624,900 in May 2024, up 12.3% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $419K | $414K | -1.2% |
| 3 Bedrooms | $575K | $594K | +3.3% |
| 4 Bedrooms | $945K | $965K | +2.1% |
| 5+ Bedrooms | $800K | $1.5M | +93.8% |
Summary: Pointe West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 93.8%.
Housing Supply in Pointe West, TX
How many homes are available in Pointe West, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 56 | +16.7% |
Summary: The Pointe West real estate market had 56 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Pointe West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pointe West, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Pointe West in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Pointe West, TX
How long does it take to sell a home in Pointe West, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 45 Days | +19.3% |
Summary: Homes in Pointe West had an average of 45 days on market in May 2024, up by 19.3% 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
Key Takeaway
Avg time on Rocket Homes in Pointe West has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Pointe West; 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.
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