Is Hockley, 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, Hockley has remained a Seller's Market.
Housing Prices in Hockley, TX
How much do homes in Hockley, TX cost?
Median Sold Price
$315,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Hockley was $315,000 in March 2024, up 0.4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $110K | N/A |
2 Bedrooms | $326.7K | $184.9K | -43.4% |
3 Bedrooms | $273K | $294K | +7.7% |
4 Bedrooms | $375K | $349.9K | -6.7% |
5+ Bedrooms | $472.5K | $425K | -10.1% |
Summary: Hockley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 43.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 10.1%.
Median Sold Price Compared To Nearby Cities
Hockley | $313.7K | $315K | 0.4% |
Northwest Harris | $335.7K | $334.9K | -0.2% |
Prairie View-Waller | $399K | $389.9K | -2.3% |
Houston | $329K | $314.7K | -4.4% |
Housing Supply in Hockley, TX
How many homes are available in Hockley, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
117 | 138 | +17.9% |
Summary: The Hockley real estate market had 138 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 72 | 79 | +9.7% |
4 Bedrooms | 35 | 47 | +34.3% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Hockley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 29 | +16.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Hockley in March 2024, up by 16.0% month-over-month. Of the 29 sold homes, 72% were sold under asking, 21% were sold at asking, and 7% were sold over asking.
Days on Market for Hockley, TX
How long does it take to sell a home in Hockley, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 34 Days | -48.3% |
Summary: Homes in Hockley had an average of 34 days on market in Mar 2024, down by 48.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Hockley; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.