Is Brays Oaks, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Brays Oaks has remained a Seller's Market.
Housing Prices in Brays Oaks, TX
How much do homes in Brays Oaks, TX cost?
Median Sold Price
$200,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Brays Oaks was $200,000 in April 2024, down 4.2% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $73K | $73K | 0.0% |
2 Bedrooms | $112K | $112K | 0.0% |
3 Bedrooms | $220K | $220K | 0.0% |
4 Bedrooms | $302.5K | $292.6K | -3.3% |
5+ Bedrooms | $360K | $452.5K | +25.7% |
Summary: Brays Oaks 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 did not change, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 25.7%.
Median Sold Price Compared To Nearby Neighborhoods
Braeburn | $201K | $241K | +19.9% |
Glenshire | $254.1K | $287.5K | +13.1% |
Westbury | $296.7K | $327K | +10.2% |
South Gessner | $210K | $213.8K | +1.8% |
Brays Oaks | $208.7K | $200K | -4.2% |
Housing Supply in Brays Oaks, TX
How many homes are available in Brays Oaks, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
129 | 156 | +20.9% |
Summary: The Brays Oaks real estate market had 156 homes for sale in April 2024, a 20.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 44 | 58 | +31.8% |
3 Bedrooms | 40 | 56 | +40.0% |
4 Bedrooms | 35 | 32 | -8.6% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Brays Oaks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 31.8%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 30 | +25.0% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Brays Oaks in April 2024, up by 25.0% month-over-month. Of the 30 sold homes, 60% were sold under asking, 27% were sold at asking, and 13% were sold over asking.
Days on Market for Brays Oaks, TX
How long does it take to sell a home in Brays Oaks, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 43 Days | +64.1% |
Summary: Homes in Brays Oaks had an average of 43 days on market in Apr 2024, up by 64.1% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in Brays Oaks; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.