Is Eastex - Jensen Area, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Eastex - Jensen Area was a Seller's Market.
Key Takeaway
Eastex - Jensen Area is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Eastex - Jensen Area, TX
How much do homes in Eastex - Jensen Area, TX cost?
Median Sold Price
$270,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Eastex - Jensen Area have sold for 28.6% more than they did a year ago.
Summary: The median home sold price in Eastex - Jensen Area was $270,000 in March 2024, up 28.6% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $120K | -35.1% |
| 3 Bedrooms | $217.7K | $311.9K | +43.3% |
| 4 Bedrooms | $309.9K | $195.1K | -37.0% |
| 5+ Bedrooms | $156.5K | $285K | +82.1% |
Summary: Eastex - Jensen Area housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.1%, 3 bedroom homes increased by 43.3%, 4 bedroom homes decreased by 37%, and 5+ bedroom homes increased by 82.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Eastex - Jensen Area | $210K | $270K | +28.6% |
| Houston Gardens | $218K | $215K | -1.4% |
| East Little York / Homestead | $190K | $180K | -5.3% |
| Scenic Woods | $190K | $174.9K | -7.9% |
Housing Supply in Eastex - Jensen Area, TX
How many homes are available in Eastex - Jensen Area, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 50 | +2.0% |
Summary: The Eastex - Jensen Area real estate market had 50 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 36 | 35 | -2.8% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Eastex - Jensen Area 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 increased by 20%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Eastex - Jensen Area, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Eastex - Jensen Area in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Eastex - Jensen Area, TX
How long does it take to sell a home in Eastex - Jensen Area, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 34 Days | +54.8% |
Summary: Homes in Eastex - Jensen Area had an average of 34 days on market in Mar 2024, up by 54.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eastex - Jensen Area are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Eastex - Jensen Area; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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