Is Greater Inwood, 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, Greater Inwood has remained a Seller's Market.
Housing Prices in Greater Inwood, TX
How much do homes in Greater Inwood, TX cost?
Median Sold Price
$220,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Greater Inwood was $220,000 in March 2024, down 3.1% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $31.5K | -36.8% |
2 Bedrooms | $69K | $132.6K | +92.2% |
3 Bedrooms | $225K | $222.5K | -1.1% |
4 Bedrooms | $253.2K | $258.7K | +2.2% |
5+ Bedrooms | $300K | $234K | -22.0% |
Summary: Greater Inwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.8%, 2 bedroom homes increased by 92.2%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 22%.
Median Sold Price Compared To Nearby Neighborhoods
Acres Home | $285K | $311K | +9.1% |
North Houston | $322.3K | $345.8K | +7.3% |
Central Northwest | $475.2K | $491.9K | +3.5% |
Greater Inwood | $227K | $220K | -3.1% |
Fairbanks / Northwest Crossing | $290K | $266.2K | -8.2% |
Housing Supply in Greater Inwood, TX
How many homes are available in Greater Inwood, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
94 | 105 | +11.7% |
Summary: The Greater Inwood real estate market had 105 homes for sale in March 2024, a 11.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 23 | 22 | -4.3% |
3 Bedrooms | 40 | 45 | +12.5% |
4 Bedrooms | 22 | 30 | +36.4% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Greater Inwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 26 | +116.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Greater Inwood in March 2024, up by 116.7% month-over-month. Of the 26 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Greater Inwood, TX
How long does it take to sell a home in Greater Inwood, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
17 Days | 29 Days | +71.9% |
Summary: Homes in Greater Inwood had an average of 29 days on market in Mar 2024, up by 71.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Greater Inwood; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.