Is Vance Jackson, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vance Jackson is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Vance Jackson was a Seller's Market.

Key Takeaway

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

Housing Prices in Vance Jackson, TX

How much do homes in Vance Jackson, TX cost?

Median Sold Price

$314,950

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$50(0%)

Key Takeaway

The sold price of homes in Vance Jackson has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $139K$136K
-2.2%
2 $192.4K$185K
-3.9%
3 $323.5K$322.2K
-0.4%
4 $360K$375K
+4.2%
5+ $465K$675K
+45.2%

Summary: Vance Jackson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 45.2%.

Housing Supply in Vance Jackson, TX

How many homes are available in Vance Jackson, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9293+1.1%

Summary: The Vance Jackson real estate market had 93 homes for sale in May 2024, a 1.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 54
-20.0%
2 1113
+18.2%
3 3941
+5.1%
4 3231
-3.1%
5+ 54
-20.0%

Summary: The Vance Jackson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
239-60.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vance Jackson, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Vance Jackson in May 2024, down by 60.9% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.

Days on Market for Vance Jackson, TX

How long does it take to sell a home in Vance Jackson, TX?

Average Sale Time

May 2023May 2024CHANGE
28 Days33 Days+19.3%

Summary: Homes in Vance Jackson had an average of 33 days on market in May 2024, up by 19.3% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Vance Jackson are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 9 homes were sold in Vance Jackson; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% 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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