Is Cinco Ranch Southwest, 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, Cinco Ranch Southwest has remained a Seller's Market.
Housing Prices in Cinco Ranch Southwest, TX
How much do homes in Cinco Ranch Southwest, TX cost?
Median Sold Price
$599,950
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cinco Ranch Southwest was $599,950 in April 2024, up 5.3% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $385K | $395K | +2.6% |
4 Bedrooms | $540K | $595K | +10.2% |
5+ Bedrooms | $785K | $722K | -8.0% |
Summary: Cinco Ranch Southwest 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 increased by 2.6%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Neighborhoods
Pine Mill Ranch | $505K | $535K | +5.9% |
Cinco Ranch Southwest | $570K | $599.9K | +5.3% |
Westheimer Lakes | $365K | $377.5K | +3.4% |
Housing Supply in Cinco Ranch Southwest, TX
How many homes are available in Cinco Ranch Southwest, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 68 | +36.0% |
Summary: The Cinco Ranch Southwest real estate market had 68 homes for sale in April 2024, a 36.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 5 | 7 | +40.0% |
4 Bedrooms | 32 | 39 | +21.9% |
5+ Bedrooms | 13 | 22 | +69.2% |
Summary: The Cinco Ranch Southwest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 69.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 24 | +100.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Cinco Ranch Southwest in April 2024, up by 100.0% month-over-month. Of the 24 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Cinco Ranch Southwest, TX
How long does it take to sell a home in Cinco Ranch Southwest, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 22 Days | +161.0% |
Summary: Homes in Cinco Ranch Southwest had an average of 22 days on market in Apr 2024, up by 161% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Cinco Ranch Southwest; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.