Is Eldridge / West Oaks, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Eldridge / West Oaks has remained a Seller's Market.
Housing Prices in Eldridge / West Oaks, TX
How much do homes in Eldridge / West Oaks, TX cost?
Median Sold Price
$349,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Eldridge / West Oaks was $349,000 in April 2024, up 2.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $126.1K | $153.5K | +21.7% |
2 Bedrooms | $195K | $191K | -2.1% |
3 Bedrooms | $317K | $329K | +3.8% |
4 Bedrooms | $377K | $425K | +12.7% |
5+ Bedrooms | $852K | $982.5K | +15.3% |
Summary: Eldridge / West Oaks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 15.3%.
Median Sold Price Compared To Nearby Neighborhoods
Lakes of Parkway | $810K | $888K | +9.6% |
Eldridge / West Oaks | $341.3K | $349K | +2.2% |
Housing Supply in Eldridge / West Oaks, TX
How many homes are available in Eldridge / West Oaks, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
170 | 188 | +10.6% |
Summary: The Eldridge / West Oaks real estate market had 188 homes for sale in April 2024, a 10.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 23 | 29 | +26.1% |
3 Bedrooms | 85 | 82 | -3.5% |
4 Bedrooms | 46 | 59 | +28.3% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Eldridge / West Oaks 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 26.1%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 42 | -6.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Eldridge / West Oaks in April 2024, down by 6.7% month-over-month. Of the 42 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Eldridge / West Oaks, TX
How long does it take to sell a home in Eldridge / West Oaks, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 31 Days | +21.1% |
Summary: Homes in Eldridge / West Oaks had an average of 31 days on market in Apr 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 42 homes were sold in Eldridge / West Oaks; 79% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.