Is Driftwood, 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, Driftwood was a Seller's Market.
Housing Prices in Driftwood, TX
How much do homes in Driftwood, TX cost?
Median Sold Price
$950,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Driftwood was $950,000 in April 2024, down 12.6% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $372.5K | N/A |
2 Bedrooms | $975K | $971.6K | -0.3% |
3 Bedrooms | $873.6K | $817.5K | -6.4% |
4 Bedrooms | $1.0M | $1.1M | +9.8% |
5+ Bedrooms | $1.3M | $1.4M | +3.6% |
Summary: Driftwood 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 decreased by 0.3%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in Driftwood, TX
How many homes are available in Driftwood, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 54 | +25.6% |
Summary: The Driftwood real estate market had 54 homes for sale in April 2024, a 25.6% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 9 | 15 | +66.7% |
4 Bedrooms | 25 | 26 | +4.0% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Driftwood 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 decreased by 33.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 9 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Driftwood in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.
Days on Market for Driftwood, TX
How long does it take to sell a home in Driftwood, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 34 Days | -13.1% |
Summary: Homes in Driftwood had an average of 34 days on market in Apr 2024, down by 13.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Driftwood; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.