Is Prairie View-Waller, 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, Prairie View-Waller was a Seller's Market.
Housing Prices in Prairie View-Waller, TX
How much do homes in Prairie View-Waller, TX cost?
Median Sold Price
$389,950
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Prairie View-Waller was $389,950 in May 2024, down 1.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $852.5K | +215.7% |
2 Bedrooms | $330K | $241.7K | -26.7% |
3 Bedrooms | $350K | $374.9K | +7.1% |
4 Bedrooms | $430K | $433.2K | +0.8% |
5+ Bedrooms | $485.6K | $455K | -6.3% |
Summary: Prairie View-Waller housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 215.7%, 2 bedroom homes decreased by 26.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
Waller | $420K | $472K | +12.4% |
Hempstead | $268K | $278.5K | +3.9% |
Prairie View-Waller | $395K | $389.9K | -1.3% |
Housing Supply in Prairie View-Waller, TX
How many homes are available in Prairie View-Waller, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
109 | 126 | +15.6% |
Summary: The Prairie View-Waller real estate market had 126 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 49 | 57 | +16.3% |
4 Bedrooms | 36 | 44 | +22.2% |
5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Prairie View-Waller housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Prairie View-Waller in May 2024, down by 8.3% month-over-month. Of the 11 sold homes, 73% were sold under asking, 27% were sold at asking, and 0% were sold over asking.
Days on Market for Prairie View-Waller, TX
How long does it take to sell a home in Prairie View-Waller, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 62 Days | +70.0% |
Summary: Homes in Prairie View-Waller had an average of 62 days on market in May 2024, up by 70% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in Prairie View-Waller; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.