Is Braeswood Place, 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, Braeswood Place was a Seller's Market.
Housing Prices in Braeswood Place, TX
How much do homes in Braeswood Place, TX cost?
Median Sold Price
$550,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Braeswood Place was $550,000 in March 2024, up 1.9% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $94.5K | $99K | +4.8% |
2 Bedrooms | $235.5K | $305K | +29.5% |
3 Bedrooms | $475.7K | $502K | +5.5% |
4 Bedrooms | $1.1M | $997.5K | -9.3% |
5+ Bedrooms | $1.2M | $1.4M | +12.8% |
Summary: Braeswood Place housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 29.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Neighborhoods
University Place | $802.5K | $890.3K | +11.0% |
Braeswood Place | $540K | $550K | +1.9% |
Braeswood | $540K | $550K | +1.9% |
Astrodome Area | $153.9K | $151K | -1.9% |
Old Braeswood | $244K | $213.5K | -12.5% |
Housing Supply in Braeswood Place, TX
How many homes are available in Braeswood Place, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 107 | +37.2% |
Summary: The Braeswood Place real estate market had 107 homes for sale in March 2024, a 37.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 3 | 10 | +233.3% |
3 Bedrooms | 38 | 47 | +23.7% |
4 Bedrooms | 23 | 27 | +17.4% |
5+ Bedrooms | 11 | 17 | +54.5% |
Summary: The Braeswood Place housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 233.3%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 54.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 13 | +8.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Braeswood Place in March 2024, up by 8.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Braeswood Place, TX
How long does it take to sell a home in Braeswood Place, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 33 Days | -12.4% |
Summary: Homes in Braeswood Place had an average of 33 days on market in Mar 2024, down by 12.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 13 homes were sold in Braeswood Place; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.