Is Beaumont, 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, Beaumont was a Seller's Market.
Housing Prices in Beaumont, TX
How much do homes in Beaumont, TX cost?
Median Sold Price
$220,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Beaumont was $220,000 in April 2024, up 3.9% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80.6K | $115K | +42.7% |
2 Bedrooms | $100K | $129K | +29.0% |
3 Bedrooms | $180.2K | $194K | +7.6% |
4 Bedrooms | $302.5K | $300K | -0.8% |
5+ Bedrooms | $487.5K | $437.4K | -10.3% |
Summary: Beaumont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.7%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 10.3%.
Median Sold Price Compared To Nearby Cities
Bridge City-Orangefield | $251K | $281.7K | +12.2% |
Nome-China | $269.1K | $298.9K | +11.1% |
Beaumont | $211.6K | $220K | +3.9% |
Housing Supply in Beaumont, TX
How many homes are available in Beaumont, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
203 | 237 | +16.7% |
Summary: The Beaumont real estate market had 237 homes for sale in April 2024, a 16.7% 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 | 20 | 26 | +30.0% |
3 Bedrooms | 100 | 116 | +16.0% |
4 Bedrooms | 67 | 77 | +14.9% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Beaumont 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 increased by 30%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 35 | +29.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Beaumont in April 2024, up by 29.6% month-over-month. Of the 35 sold homes, 60% were sold under asking, 31% were sold at asking, and 9% were sold over asking.
Days on Market for Beaumont, TX
How long does it take to sell a home in Beaumont, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 71 Days | +79.4% |
Summary: Homes in Beaumont had an average of 71 days on market in Apr 2024, up by 79.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Beaumont; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 37% of homes were sold over 90 days.