Is Avalon, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Avalon is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Avalon was a Neutral Market.

Key Takeaway

Avalon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Avalon, TX

How much do homes in Avalon, TX cost?

Median Sold Price

$495,000

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$110,000(-18.2%)

Key Takeaway

Homes in Avalon have sold for 18.2% less than they did a year ago.

Summary: The median home sold price in Avalon was $495,000 in April 2024, down 18.2% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $522.5K$425.5K
-18.6%
4 $670K$534K
-20.3%
5+ $662.5K$602.5K
-9.1%

Summary: Avalon 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 did not change, 3 bedroom homes decreased by 18.6%, 4 bedroom homes decreased by 20.3%, and 5+ bedroom homes decreased by 9.1%.

Median Sold Price Compared To Nearby Neighborhoods

Lakeside at Blackhawk
+13.1%
Blackhawk
-5.1%
Avalon
-18.2%

Housing Supply in Avalon, TX

How many homes are available in Avalon, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2018-10.0%

Summary: The Avalon real estate market had 18 homes for sale in April 2024, a 10.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 96
-33.3%
4 1012
+20.0%
5+ 10
-100.0%

Summary: The Avalon 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 decreased by 33.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Avalon, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Avalon in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Avalon, TX

How long does it take to sell a home in Avalon, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
112 Days24 Days-78.4%

Summary: Homes in Avalon had an average of 24 days on market in Apr 2024, down by 78.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Avalon are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 7 homes were sold in Avalon; 86% of homes were sold within 30 days, 14% 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 5 Days Ago

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