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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Briarcliff is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Briarcliff was a Seller's Market.

Key Takeaway

Briarcliff is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Briarcliff, TX

How much do homes in Briarcliff, TX cost?

Median Sold Price

$1,694,500

$307/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$1,164,500(+219.7%)

Key Takeaway

Homes in Briarcliff have sold for 219.7% more than they did a month ago.

Summary: The median home sold price in Briarcliff was $1,694,500 in August 2024, up 219.7% from last month, and the median price per square foot was $307.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 --
N/A
2 --
N/A
3 $452.5K$689K
+52.3%
4 $1.1M-
N/A
5+ -$2.7M
N/A

Summary: Briarcliff housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 52.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Briarcliff, TX

How many homes are available in Briarcliff, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2724-11.1%

Summary: The Briarcliff real estate market had 24 homes for sale in August 2024, a 11.1% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 11
0.0%
3 1814
-22.2%
4 67
+16.7%
5+ 11
0.0%

Summary: The Briarcliff housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Briarcliff, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Briarcliff in August 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Briarcliff, TX

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

Average Sale Time

Jul 2024Aug 2024CHANGE
37 Days121 Days+223.5%

Summary: Homes in Briarcliff had an average of 121 days on market in Aug 2024, up by 223.5% compared to last month.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Briarcliff has remained consistent over time.

Summary: During August 2024, 2 homes were sold in Briarcliff; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 18 Days Ago

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