Is College Station, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing College Station is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, College Station has remained a Seller's Market.

Key Takeaway

College Station is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in College Station, TX

How much do homes in College Station, TX cost?

Median Sold Price

$339,115

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$14,115(+4.3%)

Key Takeaway

Homes in College Station have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in College Station was $339,115 in March 2024, up 4.3% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $183.7K$138.2K
-24.8%
2 $163K$225K
+38.0%
3 $292.1K$298.7K
+2.3%
4 $485.2K$506K
+4.3%
5+ $459.4K$650K
+41.5%

Summary: College Station housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.8%, 2 bedroom homes increased by 38%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 41.5%.

Median Sold Price Compared To Nearby Cities

Bryan
+6.3%
College Station
+4.3%
West Brazos
-1.0%
South Brazos
-1.6%

Housing Supply in College Station, TX

How many homes are available in College Station, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
144173+20.1%

Summary: The College Station real estate market had 173 homes for sale in March 2024, a 20.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1514
-6.7%
3 4653
+15.2%
4 6679
+19.7%
5+ 1727
+58.8%

Summary: The College Station 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 decreased by 6.7%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 58.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3237+15.6%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in College Station, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in College Station in March 2024, up by 15.6% month-over-month. Of the 36 sold homes, 64% were sold under asking, 19% were sold at asking, and 17% were sold over asking.

Days on Market for College Station, TX

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

Average Sale Time

Mar 2023Mar 2024CHANGE
56 Days41 Days-26.9%

Summary: Homes in College Station had an average of 41 days on market in Mar 2024, down by 26.9% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in College Station are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 37 homes were sold in College Station; 57% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% 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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