Is Heritage, 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, Heritage was a Seller's Market.
Housing Prices in Heritage, TX
How much do homes in Heritage, TX cost?
Median Sold Price
$232,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Heritage was $232,000 in April 2024, up 0.9% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $140K | $155K | +10.7% |
3 Bedrooms | $225.2K | $230K | +2.1% |
4 Bedrooms | $242.7K | $235K | -3.2% |
5+ Bedrooms | $270K | $235K | -13.0% |
Summary: Heritage 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 10.7%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 13%.
Housing Supply in Heritage, TX
How many homes are available in Heritage, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 65 | +18.2% |
Summary: The Heritage real estate market had 65 homes for sale in April 2024, a 18.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 32 | 42 | +31.3% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Heritage 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 50%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Heritage in April 2024, up by 40.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Heritage, TX
How long does it take to sell a home in Heritage, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
114 Days | 54 Days | -52.2% |
Summary: Homes in Heritage had an average of 54 days on market in Apr 2024, down by 52.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Heritage; 14% of homes were sold within 30 days, 86% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.