Is Northeast Tarrant, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Northeast Tarrant has remained a Seller's Market.
Key Takeaway
Northeast Tarrant is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast Tarrant, TX
How much do homes in Northeast Tarrant, TX cost?
Median Sold Price
$279,999
$190/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Northeast Tarrant have sold for 43.4% less than they did a month ago.
Summary: The median home sold price in Northeast Tarrant was $279,999 in May 2024, down 43.4% from last month, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $495K | $277.9K | -43.8% |
| 4 Bedrooms | - | $304.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Northeast Tarrant housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 43.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Northeast Tarrant, TX
How many homes are available in Northeast Tarrant, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2,184 | 2,481 | +13.6% |
Summary: The Northeast Tarrant real estate market had 2,481 homes for sale in May 2024, a 13.6% 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 | 79 | 91 | +15.2% |
| 3 Bedrooms | 955 | 1,069 | +11.9% |
| 4 Bedrooms | 824 | 957 | +16.1% |
| 5+ Bedrooms | 324 | 361 | +11.4% |
Summary: The Northeast Tarrant 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 15.2%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 602 | 614 | +2.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Tarrant, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 614 homes were sold or pending in Northeast Tarrant in May 2024, up by 2.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.
Days on Market for Northeast Tarrant, TX
How long does it take to sell a home in Northeast Tarrant, TX?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 27 Days | -18.5% |
Summary: Homes in Northeast Tarrant had an average of 27 days on market in May 2024, down by 18.5% compared to last month.
Breakdown of Home Sale Times
432 Homes Were Sold
Under 30 Days
135 Homes Were Sold
In 30 - 90 Days
47 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Tarrant are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 614 homes were sold in Northeast Tarrant; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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