Is Kingwood, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kingwood has remained a Seller's Market.
Housing Prices in Kingwood, TX
How much do homes in Kingwood, TX cost?
Median Sold Price
$350,124
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kingwood was $350,124 in April 2024, down 0.6% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151K | $158K | +4.6% |
2 Bedrooms | $227.4K | $231.5K | +1.8% |
3 Bedrooms | $274.9K | $270.7K | -1.6% |
4 Bedrooms | $381K | $375K | -1.6% |
5+ Bedrooms | $550K | $527K | -4.2% |
Summary: Kingwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 4.2%.
Median Sold Price Compared To Nearby Neighborhoods
Kingwood Area | $339.6K | $346.5K | +2.0% |
Kingwood | $352.3K | $350.1K | -0.6% |
Lake Houston | $375K | $364.6K | -2.8% |
Housing Supply in Kingwood, TX
How many homes are available in Kingwood, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
413 | 497 | +20.3% |
Summary: The Kingwood real estate market had 497 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 122 | 138 | +13.1% |
4 Bedrooms | 214 | 270 | +26.2% |
5+ Bedrooms | 62 | 70 | +12.9% |
Summary: The Kingwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 12.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
94 | 123 | +30.9% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 123 homes were sold or pending in Kingwood in April 2024, up by 30.9% month-over-month. Of the 123 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% were sold over asking.
Days on Market for Kingwood, TX
How long does it take to sell a home in Kingwood, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 34 Days | +3.3% |
Summary: Homes in Kingwood had an average of 34 days on market in Apr 2024, up by 3.3% compared to last year.
Breakdown of Home Sale Times
82 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 123 homes were sold in Kingwood; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.