Is Gay Hill-Independence, 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, Gay Hill-Independence has remained a Seller's Market.
Key Takeaway
Gay Hill-Independence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gay Hill-Independence, TX
How much do homes in Gay Hill-Independence, TX cost?
Median Sold Price
$625,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gay Hill-Independence have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Gay Hill-Independence was $625,000 in March 2024, up 6.4% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $535K | $625K | +16.8% |
| 3 Bedrooms | $501.2K | $527.5K | +5.2% |
| 4 Bedrooms | $1.9M | $270K | -85.8% |
| 5+ Bedrooms | - | $935K | N/A |
Summary: Gay Hill-Independence 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 16.8%, 3 bedroom homes increased by 5.2%, 4 bedroom homes decreased by 85.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Washington-Chappell Hill | $450K | $595K | +32.2% |
| Gay Hill-Independence | $587.5K | $625K | +6.4% |
| South Brazos | $365K | $359K | -1.6% |
Housing Supply in Gay Hill-Independence, TX
How many homes are available in Gay Hill-Independence, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Summary: The Gay Hill-Independence real estate market had 18 homes for sale in March 2024, a 38.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Gay Hill-Independence housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gay Hill-Independence, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Gay Hill-Independence in March 2024, up by 100.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Gay Hill-Independence, TX
How long does it take to sell a home in Gay Hill-Independence, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 127 Days | 125 Days | -1.6% |
Summary: Homes in Gay Hill-Independence had an average of 125 days on market in Mar 2024, down by 1.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Gay Hill-Independence are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Gay Hill-Independence; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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