Is Great Northwest, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Great Northwest was a Seller's Market.
Housing Prices in Great Northwest, TX
How much do homes in Great Northwest, TX cost?
Median Sold Price
$248,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Great Northwest was $248,000 in April 2024, down 0.8% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $207K | - | N/A |
3 Bedrooms | $248.7K | $242K | -2.7% |
4 Bedrooms | $285K | $271.2K | -4.8% |
5+ Bedrooms | $297K | $245.5K | -17.3% |
Summary: Great Northwest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 17.3%.
Housing Supply in Great Northwest, TX
How many homes are available in Great Northwest, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 63 | +1.6% |
Summary: The Great Northwest real estate market had 63 homes for sale in April 2024, a 1.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 49 | 50 | +2.0% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Great Northwest housing inventory by bedroom type for April 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 2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 11 | -26.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Great Northwest in April 2024, down by 26.7% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Great Northwest, TX
How long does it take to sell a home in Great Northwest, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 66 Days | +92.1% |
Summary: Homes in Great Northwest had an average of 66 days on market in Apr 2024, up by 92.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Great Northwest; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.