Is First Colony, 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, First Colony has remained a Seller's Market.
Housing Prices in First Colony, TX
How much do homes in First Colony, TX cost?
Median Sold Price
$358,953
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in First Colony was $358,953 in April 2024, up 2.6% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $263.7K | $254.5K | -3.5% |
2 Bedrooms | $235K | $240K | +2.1% |
3 Bedrooms | $314K | $311.5K | -0.8% |
4 Bedrooms | $385K | $395K | +2.6% |
5+ Bedrooms | $515K | $431.1K | -16.3% |
Summary: First Colony housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 16.3%.
Housing Supply in First Colony, TX
How many homes are available in First Colony, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 90 | +18.4% |
Summary: The First Colony real estate market had 90 homes for sale in April 2024, a 18.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 24 | 34 | +41.7% |
4 Bedrooms | 36 | 36 | 0.0% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The First Colony housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 30 | +30.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in First Colony in April 2024, up by 30.4% month-over-month. Of the 30 sold homes, 57% were sold under asking, 7% were sold at asking, and 37% were sold over asking.
Days on Market for First Colony, TX
How long does it take to sell a home in First Colony, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
22 Days | 25 Days | +14.8% |
Summary: Homes in First Colony had an average of 25 days on market in Apr 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 30 homes were sold in First Colony; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.