Is Downtown, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown was a Seller's Market.
Housing Prices in Downtown, TX
How much do homes in Downtown, TX cost?
Median Sold Price
$385,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downtown was $385,000 in April 2024, up 1.3% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239.4K | $255K | +6.5% |
2 Bedrooms | $344.5K | $374K | +8.6% |
3 Bedrooms | $425K | $440K | +3.5% |
4 Bedrooms | $375.5K | $614K | +63.5% |
5+ Bedrooms | - | $1.4M | N/A |
Summary: Downtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 63.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
EaDo | $395.3K | $405K | +2.5% |
Second Ward | $382.5K | $390K | +2.0% |
Downtown | $380K | $385K | +1.3% |
Greater Fifth Ward | $344.9K | $334.9K | -2.9% |
Greater Eastwood | $387K | $365K | -5.7% |
Housing Supply in Downtown, TX
How many homes are available in Downtown, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 | 71 | +34.0% |
Summary: The Downtown real estate market had 71 homes for sale in April 2024, a 34.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 15 | +36.4% |
2 Bedrooms | 28 | 33 | +17.9% |
3 Bedrooms | 14 | 23 | +64.3% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 64.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Downtown in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Downtown, TX
How long does it take to sell a home in Downtown, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 30 Days | +53.3% |
Summary: Homes in Downtown had an average of 30 days on market in Apr 2024, up by 53.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Downtown; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.