Is Acres Home, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Acres Home was a Seller's Market.
Housing Prices in Acres Home, TX
How much do homes in Acres Home, TX cost?
Median Sold Price
$312,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Acres Home was $312,500 in April 2024, up 5.2% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227.5K | $401K | +76.3% |
2 Bedrooms | $165K | $170K | +3.0% |
3 Bedrooms | $300K | $319.2K | +6.4% |
4 Bedrooms | $323.9K | $335K | +3.4% |
5+ Bedrooms | $316K | $260K | -17.7% |
Summary: Acres Home housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 76.3%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 17.7%.
Median Sold Price Compared To Nearby Neighborhoods
North Houston | $324.1K | $348.6K | +7.6% |
Hidden Valley | $222.5K | $235K | +5.6% |
Northside / Northline | $223K | $235K | +5.4% |
Acres Home | $297K | $312.5K | +5.2% |
Greater Inwood | $228K | $218K | -4.4% |
Housing Supply in Acres Home, TX
How many homes are available in Acres Home, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
247 | 285 | +15.4% |
Summary: The Acres Home real estate market had 285 homes for sale in April 2024, a 15.4% 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 | 19 | 18 | -5.3% |
3 Bedrooms | 192 | 228 | +18.8% |
4 Bedrooms | 29 | 32 | +10.3% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Acres Home 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 decreased by 5.3%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 35 | +9.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Acres Home in April 2024, up by 9.4% month-over-month. Of the 35 sold homes, 54% were sold under asking, 40% were sold at asking, and 6% were sold over asking.
Days on Market for Acres Home, TX
How long does it take to sell a home in Acres Home, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
62 Days | 55 Days | -11.9% |
Summary: Homes in Acres Home had an average of 55 days on market in Apr 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Acres Home; 51% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.