Is Jarrell, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jarrell is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Jarrell was a Seller's Market.

Key Takeaway

Jarrell is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Jarrell, TX

How much do homes in Jarrell, TX cost?

Median Sold Price

$294,824

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$1,505(-0.5%)

Key Takeaway

Homes in Jarrell have sold for 0.5% less than they did a year ago.

Summary: The median home sold price in Jarrell was $294,824 in August 2024, down 0.5% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 -$259.9K
N/A
2 $258.2K$585K
+126.5%
3 $284.2K$275.3K
-3.1%
4 $320K$307K
-4.1%
5+ $364K$345.9K
-5.0%

Summary: Jarrell housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 126.5%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 5%.

Housing Supply in Jarrell, TX

How many homes are available in Jarrell, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
241258+7.1%

Summary: The Jarrell real estate market had 258 homes for sale in August 2024, a 7.1% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 154166
+7.8%
4 7478
+5.4%
5+ 1012
+20.0%

Summary: The Jarrell housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
5537-32.7%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jarrell, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Jarrell in August 2024, down by 32.7% month-over-month. Of the 37 sold homes, 62% were sold under asking, 32% were sold at asking, and 5% were sold over asking.

Days on Market for Jarrell, TX

How long does it take to sell a home in Jarrell, TX?

Average Sale Time

Aug 2023Aug 2024CHANGE
67 Days38 Days-43.2%

Summary: Homes in Jarrell had an average of 38 days on market in Aug 2024, down by 43.2% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jarrell are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 37 homes were sold in Jarrell; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

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