Is Shepherd-Evergreen, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shepherd-Evergreen is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Shepherd-Evergreen was a Seller's Market.

Key Takeaway

Shepherd-Evergreen is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Shepherd-Evergreen, TX

How much do homes in Shepherd-Evergreen, TX cost?

Median Sold Price

$234,500

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$25,500(-9.8%)

Key Takeaway

Homes in Shepherd-Evergreen have sold for 9.8% less than they did a year ago.

Summary: The median home sold price in Shepherd-Evergreen was $234,500 in May 2024, down 9.8% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $290K$185K
-36.2%
2 $192K$175K
-8.9%
3 $261.5K$245K
-6.3%
4 $290K$268.9K
-7.2%
5+ $1.1M$310K
-73.3%

Summary: Shepherd-Evergreen housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.2%, 2 bedroom homes decreased by 8.9%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes decreased by 73.3%.

Median Sold Price Compared To Nearby Cities

Livingston-Onalaska
+11.8%
Shepherd
-3.8%
Shepherd-Evergreen
-9.8%

Housing Supply in Shepherd-Evergreen, TX

How many homes are available in Shepherd-Evergreen, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
67670.0%

Summary: The Shepherd-Evergreen real estate market had 67 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 1412
-14.3%
3 3131
0.0%
4 1617
+6.3%
5+ 66
0.0%

Summary: The Shepherd-Evergreen 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
105-50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shepherd-Evergreen, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Shepherd-Evergreen in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.

Days on Market for Shepherd-Evergreen, TX

How long does it take to sell a home in Shepherd-Evergreen, TX?

Average Sale Time

May 2023May 2024CHANGE
35 Days58 Days+64.5%

Summary: Homes in Shepherd-Evergreen had an average of 58 days on market in May 2024, up by 64.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shepherd-Evergreen are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 5 homes were sold in Shepherd-Evergreen; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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