Is Friendswood, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Friendswood has remained a Seller's Market.
Housing Prices in Friendswood, TX
How much do homes in Friendswood, TX cost?
Median Sold Price
$435,178
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Friendswood was $435,178 in March 2024, up 3.7% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125K | $125K | 0.0% |
2 Bedrooms | $153K | $207.5K | +35.6% |
3 Bedrooms | $285K | $295K | +3.5% |
4 Bedrooms | $499.7K | $485.8K | -2.8% |
5+ Bedrooms | $664K | $710K | +6.9% |
Summary: Friendswood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
Webster | $214.2K | $248.5K | +16.0% |
Friendswood | $419.6K | $435.1K | +3.7% |
League City | $360K | $369.6K | +2.7% |
Texas City-League City | $324.3K | $326K | 0.5% |
Pearland | $369.9K | $365K | -1.3% |
Housing Supply in Friendswood, TX
How many homes are available in Friendswood, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
175 | 210 | +20.0% |
Summary: The Friendswood real estate market had 210 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 52 | 65 | +25.0% |
4 Bedrooms | 77 | 94 | +22.1% |
5+ Bedrooms | 45 | 49 | +8.9% |
Summary: The Friendswood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 8.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 40 | +14.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Friendswood in March 2024, up by 14.3% month-over-month. Of the 40 sold homes, 68% were sold under asking, 18% were sold at asking, and 15% were sold over asking.
Days on Market for Friendswood, TX
How long does it take to sell a home in Friendswood, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 48 Days | +39.2% |
Summary: Homes in Friendswood had an average of 48 days on market in Mar 2024, up by 39.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 40 homes were sold in Friendswood; 57% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.