Is Briar Forest, 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, Briar Forest has remained a Seller's Market.
Housing Prices in Briar Forest, TX
How much do homes in Briar Forest, TX cost?
Median Sold Price
$410,625
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Briar Forest was $410,625 in April 2024, up 6.4% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102K | $113K | +10.8% |
2 Bedrooms | $175K | $190K | +8.6% |
3 Bedrooms | $371K | $400K | +7.8% |
4 Bedrooms | $475K | $535K | +12.6% |
5+ Bedrooms | $567.5K | $665K | +17.2% |
Summary: Briar Forest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.8%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 17.2%.
Median Sold Price Compared To Nearby Neighborhoods
Westchase | $165K | $195K | +18.2% |
Briargrove Park | $619.7K | $695.2K | +12.2% |
Memorial | $599.7K | $672.5K | +12.1% |
Mid West | $269.1K | $300.5K | +11.6% |
Briar Forest | $386K | $410.6K | +6.4% |
Housing Supply in Briar Forest, TX
How many homes are available in Briar Forest, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
186 | 211 | +13.4% |
Summary: The Briar Forest real estate market had 211 homes for sale in April 2024, a 13.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 12 | -20.0% |
2 Bedrooms | 29 | 34 | +17.2% |
3 Bedrooms | 59 | 58 | -1.7% |
4 Bedrooms | 70 | 88 | +25.7% |
5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The Briar Forest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 47 | +11.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 47 homes were sold or pending in Briar Forest in April 2024, up by 11.9% month-over-month. Of the 47 sold homes, 53% were sold under asking, 15% were sold at asking, and 32% were sold over asking.
Days on Market for Briar Forest, TX
How long does it take to sell a home in Briar Forest, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 21 Days | -37.7% |
Summary: Homes in Briar Forest had an average of 21 days on market in Apr 2024, down by 37.7% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 47 homes were sold in Briar Forest; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.