Is Greater Third 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 Third Ward was a Seller's Market.
Housing Prices in Greater Third Ward, TX
How much do homes in Greater Third Ward, TX cost?
Median Sold Price
$400,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Greater Third Ward was $400,000 in April 2024, down 2.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $230K | +155.6% |
2 Bedrooms | $332K | $269.5K | -18.8% |
3 Bedrooms | $409.9K | $410K | 0.0% |
4 Bedrooms | $445K | $373.8K | -16.0% |
5+ Bedrooms | $470K | $590K | +25.5% |
Summary: Greater Third Ward housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 155.6%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 16%, and 5+ bedroom homes increased by 25.5%.
Median Sold Price Compared To Nearby Neighborhoods
South Central Houston | $420.3K | $434.9K | +3.5% |
EaDo | $395.3K | $405K | +2.5% |
Macgregor | $374.9K | $382K | +1.9% |
Greater Third Ward | $409.9K | $400K | -2.4% |
Greater Eastwood | $387K | $365K | -5.7% |
Housing Supply in Greater Third Ward, TX
How many homes are available in Greater Third Ward, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
127 | 140 | +10.2% |
Summary: The Greater Third Ward real estate market had 140 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 23 | 28 | +21.7% |
3 Bedrooms | 90 | 97 | +7.8% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Greater Third Ward 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 increased by 21.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 18 | -10.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Greater Third Ward in April 2024, down by 10.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 33% were sold at asking, and 6% were sold over asking.
Days on Market for Greater Third Ward, TX
How long does it take to sell a home in Greater Third Ward, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 58 Days | -4.8% |
Summary: Homes in Greater Third Ward had an average of 58 days on market in Apr 2024, down by 4.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Greater Third Ward; 39% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.