Is Gleannloch Farms, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Gleannloch Farms has remained a Seller's Market.
Housing Prices in Gleannloch Farms, TX
How much do homes in Gleannloch Farms, TX cost?
Median Sold Price
$460,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gleannloch Farms was $460,500 in May 2024, down 2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $265K | $295K | +11.3% |
3 Bedrooms | $330K | $342.5K | +3.8% |
4 Bedrooms | $525K | $509K | -3.0% |
5+ Bedrooms | $659.5K | $708.7K | +7.5% |
Summary: Gleannloch Farms housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 7.5%.
Housing Supply in Gleannloch Farms, TX
How many homes are available in Gleannloch Farms, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 52 | +18.2% |
Summary: The Gleannloch Farms real estate market had 52 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 8 | 9 | +12.5% |
4 Bedrooms | 16 | 23 | +43.8% |
5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Gleannloch Farms housing inventory by bedroom type for May 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 12.5%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 14 | +55.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Gleannloch Farms in May 2024, up by 55.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Gleannloch Farms, TX
How long does it take to sell a home in Gleannloch Farms, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 19 Days | -37.3% |
Summary: Homes in Gleannloch Farms had an average of 19 days on market in May 2024, down by 37.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Gleannloch Farms; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.