Is Greater Fifth Ward, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greater Fifth Ward is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Greater Fifth Ward was a Seller's Market.

Key Takeaway

Greater Fifth Ward is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

-$9,938(-2.9%)

Key Takeaway

Homes in Greater Fifth Ward have sold for 2.9% less than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $189.5K$323.7K
+70.8%
2 $150K$147.5K
-1.7%
3 $354K$364.9K
+3.1%
4 $249K$277.5K
+11.4%
5+ $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
+3.1%
Second Ward
+2.0%
Downtown
+1.3%
Greater Fifth Ward
-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 2024Apr 2024CHANGE
131178+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

# BEDSMar 2024Apr 2024CHANGE
1 13
+200.0%
2 3846
+21.1%
3 84119
+41.7%
4 89
+12.5%
5+ 01
+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 2024Apr 2024CHANGE
1916-15.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greater Fifth Ward, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

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 2023Apr 2024CHANGE
94 Days69 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greater Fifth Ward are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Apr 1, 2024

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