Is 75862, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 75862 was a Seller's Market.
Housing Prices in 75862, TX
How much do homes in 75862, TX cost?
Median Sold Price
$204,900
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 75862 was $204,900 in March 2024, down 7.7% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | $76.5K | -20.3% |
2 Bedrooms | $140.8K | $150K | +6.5% |
3 Bedrooms | $248.2K | $235K | -5.3% |
4 Bedrooms | $275K | $325K | +18.2% |
5+ Bedrooms | $239K | $600K | +151.0% |
Summary: 75862 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.3%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 151%.
Housing Supply in 75862, TX
How many homes are available in 75862, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
118 | 124 | +5.1% |
Summary: The 75862 real estate market had 124 homes for sale in March 2024, a 5.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 18 | 22 | +22.2% |
3 Bedrooms | 72 | 77 | +6.9% |
4 Bedrooms | 20 | 16 | -20.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 75862 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 12 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in 75862 in March 2024, the same as the previous month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for 75862, TX
How long does it take to sell a home in 75862, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 113 Days | +35.1% |
Summary: Homes in 75862 had an average of 113 days on market in Mar 2024, up by 35.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 12 homes were sold in 75862; 17% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 58% of homes were sold over 90 days.