Is Center Point, 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, Center Point was a Seller's Market.
Housing Prices in Center Point, TX
How much do homes in Center Point, TX cost?
Median Sold Price
$412,500
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Center Point was $412,500 in March 2024, up 6.2% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $345K | $319K | -7.5% |
2 Bedrooms | $268K | $300K | +11.9% |
3 Bedrooms | $580K | $550K | -5.2% |
4 Bedrooms | $615K | $470.9K | -23.4% |
5+ Bedrooms | - | - | N/A |
Summary: Center Point housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 11.9%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes decreased by 23.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Center Point | $388.4K | $412.5K | +6.2% |
Kerrville | $395K | $396.5K | 0.4% |
Pipe Creek | $394.4K | $380K | -3.7% |
Comfort | $561.5K | $492.5K | -12.3% |
Comfort | $590K | $404.9K | -31.4% |
Housing Supply in Center Point, TX
How many homes are available in Center Point, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 15 | +15.4% |
Summary: The Center Point real estate market had 15 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Center Point housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Center Point in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Center Point, TX
How long does it take to sell a home in Center Point, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 49 Days | -26.3% |
Summary: Homes in Center Point had an average of 49 days on market in Mar 2024, down by 26.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Center Point; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.