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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belterra is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Belterra was a Seller's Market.

Key Takeaway

Belterra is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Belterra, TX

How much do homes in Belterra, TX cost?

Median Sold Price

$715,000

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$89,500(-11.1%)

Key Takeaway

Homes in Belterra have sold for 11.1% less than they did a year ago.

Summary: The median home sold price in Belterra was $715,000 in April 2024, down 11.1% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $614.5K$601.5K
-2.1%
4 $820K$747.5K
-8.8%
5+ $980K$955K
-2.6%

Summary: Belterra 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 2.1%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 2.6%.

Housing Supply in Belterra, TX

How many homes are available in Belterra, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3345+36.4%

Summary: The Belterra real estate market had 45 homes for sale in April 2024, a 36.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 814
+75.0%
4 1925
+31.6%
5+ 66
0.0%

Summary: The Belterra 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 75%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belterra, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Belterra in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Belterra, TX

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

Average Sale Time

Apr 2023Apr 2024CHANGE
10 Days38 Days+257.4%

Summary: Homes in Belterra had an average of 38 days on market in Apr 2024, up by 257.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 7 homes were sold in Belterra; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 13 Days Ago

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