Is Groves, 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, Groves was a Seller's Market.
Housing Prices in Groves, TX
How much do homes in Groves, TX cost?
Median Sold Price
$149,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Groves was $149,000 in April 2024, down 17.2% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $128.7K | $130.4K | +1.3% |
3 Bedrooms | $175K | $148.6K | -15.1% |
4 Bedrooms | $325K | $208.5K | -35.8% |
5+ Bedrooms | $323.4K | $167K | -48.4% |
Summary: Groves housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 15.1%, 4 bedroom homes decreased by 35.8%, and 5+ bedroom homes decreased by 48.4%.
Housing Supply in Groves, TX
How many homes are available in Groves, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
27 | 26 | -3.7% |
Summary: The Groves real estate market had 26 homes for sale in April 2024, a 3.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 9 | 5 | -44.4% |
3 Bedrooms | 15 | 16 | +6.7% |
4 Bedrooms | 1 | 4 | +300.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Groves 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 decreased by 44.4%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 300%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Groves in April 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Groves, TX
How long does it take to sell a home in Groves, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
118 Days | 13 Days | -88.6% |
Summary: Homes in Groves had an average of 13 days on market in Apr 2024, down by 88.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Groves; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.