Is Independence Heights, 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, Independence Heights was a Seller's Market.
Housing Prices in Independence Heights, TX
How much do homes in Independence Heights, TX cost?
Median Sold Price
$360,000
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Independence Heights was $360,000 in April 2024, up 5.9% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $760K | N/A |
2 Bedrooms | $167.5K | $233K | +39.1% |
3 Bedrooms | $349.9K | $372K | +6.3% |
4 Bedrooms | $310K | $324.9K | +4.8% |
5+ Bedrooms | $342.5K | $259K | -24.4% |
Summary: Independence Heights 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 39.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 24.4%.
Median Sold Price Compared To Nearby Neighborhoods
Garden Oaks | $650K | $765K | +17.7% |
Greater Heights / Houston Heights | $610.9K | $650.3K | +6.4% |
Independence Heights | $340K | $360K | +5.9% |
Northside / Northline | $223K | $235K | +5.4% |
Central Northwest | $480K | $502.8K | +4.8% |
Housing Supply in Independence Heights, TX
How many homes are available in Independence Heights, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
132 | 185 | +40.2% |
Summary: The Independence Heights real estate market had 185 homes for sale in April 2024, a 40.2% 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 | 17 | 28 | +64.7% |
3 Bedrooms | 99 | 138 | +39.4% |
4 Bedrooms | 14 | 18 | +28.6% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Independence Heights 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 64.7%, 3 bedroom homes increased by 39.4%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 19 | -17.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Independence Heights in April 2024, down by 17.4% month-over-month. Of the 19 sold homes, 47% were sold under asking, 53% were sold at asking, and 0% were sold over asking.
Days on Market for Independence Heights, TX
How long does it take to sell a home in Independence Heights, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 55 Days | +22.5% |
Summary: Homes in Independence Heights had an average of 55 days on market in Apr 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in Independence Heights; 58% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.