Is Freeport, 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, Freeport was a Seller's Market.
Housing Prices in Freeport, TX
How much do homes in Freeport, TX cost?
Median Sold Price
$288,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Freeport was $288,000 in March 2024, up 57.1% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $196.5K | $144.9K | -26.2% |
2 Bedrooms | $325K | $230K | -29.2% |
3 Bedrooms | $172.5K | $342K | +98.3% |
4 Bedrooms | $192K | $342.5K | +78.4% |
5+ Bedrooms | $130K | $687.5K | +428.8% |
Summary: Freeport housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.2%, 2 bedroom homes decreased by 29.2%, 3 bedroom homes increased by 98.3%, 4 bedroom homes increased by 78.4%, and 5+ bedroom homes increased by 428.8%.
Median Sold Price Compared To Nearby Cities
Freeport | $183.3K | $288K | +57.1% |
Lake Jackson | $273.7K | $259.2K | -5.3% |
Brazosport | $274.9K | $259.3K | -5.7% |
Housing Supply in Freeport, TX
How many homes are available in Freeport, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
221 | 257 | +16.3% |
Summary: The Freeport real estate market had 257 homes for sale in March 2024, a 16.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 45 | 53 | +17.8% |
3 Bedrooms | 116 | 133 | +14.7% |
4 Bedrooms | 44 | 54 | +22.7% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Freeport 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 17.8%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 17 | +21.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Freeport in March 2024, up by 21.4% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 18% were sold over asking.
Days on Market for Freeport, TX
How long does it take to sell a home in Freeport, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 67 Days | +15.1% |
Summary: Homes in Freeport had an average of 67 days on market in Mar 2024, up by 15.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Freeport; 59% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 41% of homes were sold over 90 days.