Is El Campo, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Campo is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, El Campo was a Seller's Market.

Key Takeaway

El Campo 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 El Campo, TX

How much do homes in El Campo, TX cost?

Median Sold Price

$200,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$10,000(-4.8%)

Key Takeaway

Homes in El Campo have sold for 4.8% less than they did a year ago.

Summary: The median home sold price in El Campo was $200,000 in March 2024, down 4.8% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $80K$165K
+106.3%
2 $102.7K$131K
+27.5%
3 $214K$200K
-6.5%
4 $260K$297K
+14.2%
5+ $260K$255K
-1.9%

Summary: El Campo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 106.3%, 2 bedroom homes increased by 27.5%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 1.9%.

Housing Supply in El Campo, TX

How many homes are available in El Campo, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5960+1.7%

Summary: The El Campo real estate market had 60 homes for sale in March 2024, a 1.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 31
-66.7%
2 109
-10.0%
3 3131
0.0%
4 1316
+23.1%
5+ 23
+50.0%

Summary: The El Campo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
129-25.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Campo, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in El Campo in March 2024, down by 25.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.

Days on Market for El Campo, TX

How long does it take to sell a home in El Campo, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
82 Days100 Days+22.1%

Summary: Homes in El Campo had an average of 100 days on market in Mar 2024, up by 22.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 9 homes were sold in El Campo; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% 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 22 Days Ago

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