Is 75831, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 75831 was a Buyer's Market.
Key Takeaway
75831 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 75831, TX
How much do homes in 75831, TX cost?
Median Sold Price
$700,000
$293/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in 75831 have sold for 137.3% more than they did a month ago.
Summary: The median home sold price in 75831 was $700,000 in April 2024, up 137.3% from last month, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $252.5K | N/A |
| 3 Bedrooms | $295K | $751.2K | +154.7% |
| 4 Bedrooms | - | $1.1M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: 75831 housing prices by bedroom type for April 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 increased by 154.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in 75831, TX
How many homes are available in 75831, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The 75831 real estate market had 25 homes for sale in April 2024, a 13.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 75831 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 11 | +1000.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 75831, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 75831 in April 2024, up by 1000.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for 75831, TX
How long does it take to sell a home in 75831, TX?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 Days | 110 Days | +72.0% |
Summary: Homes in 75831 had an average of 110 days on market in Apr 2024, up by 72% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 75831 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 11 homes were sold in 75831; 18% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.
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