Is Copper Ridge, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Copper Ridge is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Copper Ridge was a Buyer's Market.

Key Takeaway

Copper Ridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Copper Ridge, TX

How much do homes in Copper Ridge, TX cost?

Median Sold Price

$1,037,000

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$143,300(+16.0%)

Key Takeaway

Homes in Copper Ridge have sold for 16% more than they did a year ago.

Summary: The median home sold price in Copper Ridge was $1,037,000 in April 2024, up 16% from last year, and the median price per square foot was $320.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $855K$775K
-9.4%
4 $1.0M$1.0M
+5.9%
5+ -$1.2M
N/A

Summary: Copper Ridge 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 decreased by 9.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes did not change.

Housing Supply in Copper Ridge, TX

How many homes are available in Copper Ridge, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1621+31.3%

Summary: The Copper Ridge real estate market had 21 homes for sale in April 2024, a 31.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 35
+66.7%
4 99
0.0%
5+ 46
+50.0%

Summary: The Copper Ridge 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 increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

3 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 Copper Ridge, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Copper Ridge in April 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Copper Ridge, TX

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

Average Sale Time

Apr 2023Apr 2024CHANGE
236 Days108 Days-54.0%

Summary: Homes in Copper Ridge had an average of 108 days on market in Apr 2024, down by 54% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Copper Ridge are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 3 homes were sold in Copper Ridge; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 14 Days Ago

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