Is Greenway / Upper Kirby Area, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Greenway / Upper Kirby Area was a Seller's Market.
Key Takeaway
Greenway / Upper Kirby Area is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Greenway / Upper Kirby Area, TX
How much do homes in Greenway / Upper Kirby Area, TX cost?
Median Sold Price
$599,500
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Greenway / Upper Kirby Area have sold for 48% more than they did a year ago.
Summary: The median home sold price in Greenway / Upper Kirby Area was $599,500 in March 2024, up 48% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | $131.5K | -0.4% |
| 2 Bedrooms | $317.2K | $372K | +17.3% |
| 3 Bedrooms | $714.7K | $718.6K | 0.5% |
| 4 Bedrooms | $1.3M | $1.1M | -14.9% |
| 5+ Bedrooms | $2.0M | $2.7M | +38.0% |
Summary: Greenway / Upper Kirby Area housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 17.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 38%.
Median Sold Price Compared To Nearby Neighborhoods
| Greenway / Upper Kirby Area | $405K | $599.5K | +48.0% |
| University Place | $802.5K | $890.3K | +11.0% |
| Afton Oaks | $760K | $727K | -4.3% |
| River Oaks | $2.2M | $2.1M | -5.2% |
Housing Supply in Greenway / Upper Kirby Area, TX
How many homes are available in Greenway / Upper Kirby Area, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 | 127 | +17.6% |
Summary: The Greenway / Upper Kirby Area real estate market had 127 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 13 | -7.1% |
| 2 Bedrooms | 47 | 54 | +14.9% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 15 | 21 | +40.0% |
| 5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Greenway / Upper Kirby Area housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 18 | -10.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Greenway / Upper Kirby Area, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Greenway / Upper Kirby Area in March 2024, down by 10.0% month-over-month. Of the 18 sold homes, 89% were sold under asking, 6% were sold at asking, and 6% were sold over asking.
Days on Market for Greenway / Upper Kirby Area, TX
How long does it take to sell a home in Greenway / Upper Kirby Area, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 46 Days | +3.2% |
Summary: Homes in Greenway / Upper Kirby Area had an average of 46 days on market in Mar 2024, up by 3.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greenway / Upper Kirby Area are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Greenway / Upper Kirby Area; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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