Is Washington-Chappell Hill, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington-Chappell Hill is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Washington-Chappell Hill was a Seller's Market.

Key Takeaway

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

Housing Prices in Washington-Chappell Hill, TX

How much do homes in Washington-Chappell Hill, TX cost?

Median Sold Price

$610,500

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$85,500(+16.3%)

Key Takeaway

Homes in Washington-Chappell Hill have sold for 16.3% more than they did a year ago.

Summary: The median home sold price in Washington-Chappell Hill was $610,500 in April 2024, up 16.3% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $217.6K-
N/A
2 $365K$449K
+23.0%
3 $525K$595K
+13.3%
4 $638.8K$840K
+31.5%
5+ $1.3M-
N/A

Summary: Washington-Chappell Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 31.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Washington-Chappell Hill
+16.3%
Gay Hill-Independence
+5.3%
South Brazos
-0.3%

Housing Supply in Washington-Chappell Hill, TX

How many homes are available in Washington-Chappell Hill, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2637+42.3%

Summary: The Washington-Chappell Hill real estate market had 37 homes for sale in April 2024, a 42.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 56
+20.0%
3 1016
+60.0%
4 912
+33.3%
5+ 11
0.0%

Summary: The Washington-Chappell Hill housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington-Chappell Hill, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Washington-Chappell Hill in April 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Washington-Chappell Hill, TX

How long does it take to sell a home in Washington-Chappell Hill, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
131 Days4 Days-96.7%

Summary: Homes in Washington-Chappell Hill had an average of 4 days on market in Apr 2024, down by 96.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Washington-Chappell Hill are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Washington-Chappell Hill; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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