Is Fort Bend County, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Bend County is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Fort Bend County has remained a Seller's Market.

Key Takeaway

Fort Bend County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fort Bend County, TX

How much do homes in Fort Bend County, TX cost?

Median Sold Price

$404,881

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,032(+1.3%)

Key Takeaway

Homes in Fort Bend County have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in Fort Bend County was $404,881 in March 2024, up 1.3% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $256.5K$246.7K
-3.8%
2 $280K$303.6K
+8.5%
3 $304.9K$310K
+1.7%
4 $434.9K$440.2K
+1.2%
5+ $650K$669.3K
+3.0%

Summary: Fort Bend County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Counties

Fort Bend County
+1.3%
Austin County
+1.1%
Wharton County
+0.6%
Brazoria County
-0.8%
Waller County
-3.5%

Housing Supply in Fort Bend County, TX

How many homes are available in Fort Bend County, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2,3872,833+18.7%

Summary: The Fort Bend County real estate market had 2,833 homes for sale in March 2024, a 18.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 43
-25.0%
2 102126
+23.5%
3 675808
+19.7%
4 1,1971,418
+18.5%
5+ 409478
+16.9%

Summary: The Fort Bend County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 16.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
549564+2.7%

Asking Price vs. Sold Price

357 Homes Were Sold
Under Asking

119 Homes Were Sold
At Asking

88 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Bend County, you may be able to get a good deal. 63.3% of homes here sold below asking price last month.

Summary: A total of 564 homes were sold or pending in Fort Bend County in March 2024, up by 2.7% month-over-month. Of the 564 sold homes, 63% were sold under asking, 21% were sold at asking, and 16% were sold over asking.

Days on Market for Fort Bend County, TX

How long does it take to sell a home in Fort Bend County, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
47 Days37 Days-22.0%

Summary: Homes in Fort Bend County had an average of 37 days on market in Mar 2024, down by 22% compared to last year.

Breakdown of Home Sale Times

340 Homes Were Sold
Under 30 Days

156 Homes Were Sold
In 30 - 90 Days

68 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fort Bend County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 564 homes were sold in Fort Bend County; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% 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 24 Days Ago

Newest Listings in Fort Bend County, TX

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