Is Clear Lake, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Clear Lake has remained a Seller's Market.
Housing Prices in Clear Lake, TX
How much do homes in Clear Lake, TX cost?
Median Sold Price
$279,861
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Clear Lake was $279,861 in March 2024, up 4.2% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90.7K | $99K | +9.1% |
2 Bedrooms | $142.5K | $155K | +8.8% |
3 Bedrooms | $253.5K | $265K | +4.5% |
4 Bedrooms | $311.9K | $315K | +1.0% |
5+ Bedrooms | $489K | $502K | +2.7% |
Summary: Clear Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Neighborhoods
South Belt / Ellington | $245K | $260K | +6.1% |
Greater Hobby Area | $255K | $267.6K | +5.0% |
Clear Lake | $268.7K | $279.8K | +4.2% |
Meadowbrook / Allendale | $202K | $199.4K | -1.2% |
Housing Supply in Clear Lake, TX
How many homes are available in Clear Lake, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
344 | 404 | +17.4% |
Summary: The Clear Lake real estate market had 404 homes for sale in March 2024, a 17.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 14 | +40.0% |
2 Bedrooms | 34 | 36 | +5.9% |
3 Bedrooms | 149 | 179 | +20.1% |
4 Bedrooms | 129 | 145 | +12.4% |
5+ Bedrooms | 22 | 30 | +36.4% |
Summary: The Clear Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 20.1%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 36.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
76 | 69 | -9.2% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Clear Lake in March 2024, down by 9.2% month-over-month. Of the 69 sold homes, 62% were sold under asking, 16% were sold at asking, and 22% were sold over asking.
Days on Market for Clear Lake, TX
How long does it take to sell a home in Clear Lake, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 34 Days | -22.5% |
Summary: Homes in Clear Lake had an average of 34 days on market in Mar 2024, down by 22.5% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 69 homes were sold in Clear Lake; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.