Is Greater Fifth Ward, 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, Greater Fifth Ward was a Seller's Market.
Housing Prices in Greater Fifth Ward, TX
How much do homes in Greater Fifth Ward, TX cost?
Median Sold Price
$334,995
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Greater Fifth Ward was $334,995 in April 2024, down 2.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $189.5K | $323.7K | +70.8% |
2 Bedrooms | $150K | $147.5K | -1.7% |
3 Bedrooms | $354K | $364.9K | +3.1% |
4 Bedrooms | $249K | $277.5K | +11.4% |
5+ Bedrooms | $387K | $325K | -16.0% |
Summary: Greater Fifth Ward housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.8%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes decreased by 16%.
Median Sold Price Compared To Nearby Neighborhoods
Near Northside | $359K | $370K | +3.1% |
Second Ward | $382.5K | $390K | +2.0% |
Downtown | $380K | $385K | +1.3% |
Greater Fifth Ward | $344.9K | $334.9K | -2.9% |
Housing Supply in Greater Fifth Ward, TX
How many homes are available in Greater Fifth Ward, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
131 | 178 | +35.9% |
Summary: The Greater Fifth Ward real estate market had 178 homes for sale in April 2024, a 35.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 38 | 46 | +21.1% |
3 Bedrooms | 84 | 119 | +41.7% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Greater Fifth Ward housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 16 | -15.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Greater Fifth Ward in April 2024, down by 15.8% month-over-month. Of the 16 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for Greater Fifth Ward, TX
How long does it take to sell a home in Greater Fifth Ward, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
94 Days | 69 Days | -26.6% |
Summary: Homes in Greater Fifth Ward had an average of 69 days on market in Apr 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Greater Fifth Ward; 56% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.