Is Kingwood Area, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Kingwood Area has remained a Seller's Market.
Key Takeaway
Kingwood Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kingwood Area, TX
How much do homes in Kingwood Area, TX cost?
Median Sold Price
$350,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Kingwood Area have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Kingwood Area was $350,000 in June 2024, up 4.2% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $158K | +4.6% |
| 2 Bedrooms | $230.7K | $250K | +8.4% |
| 3 Bedrooms | $264K | $279.7K | +6.0% |
| 4 Bedrooms | $365.8K | $365K | -0.2% |
| 5+ Bedrooms | $542.4K | $520K | -4.1% |
Summary: Kingwood Area housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Kingwood Area | $335.8K | $350K | +4.2% |
| Kingwood | $349.9K | $352.4K | +0.7% |
| Lake Houston | $370K | $365K | -1.4% |
Housing Supply in Kingwood Area, TX
How many homes are available in Kingwood Area, TX?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 317 | 359 | +13.2% |
Summary: The Kingwood Area real estate market had 359 homes for sale in June 2024, a 13.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 74 | 88 | +18.9% |
| 4 Bedrooms | 193 | 213 | +10.4% |
| 5+ Bedrooms | 43 | 46 | +7.0% |
Summary: The Kingwood Area housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 18.9%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 78 | 74 | -5.1% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kingwood Area, you may be able to get a good deal. 54.1% of homes here sold below asking price last month.
Summary: A total of 74 homes were sold or pending in Kingwood Area in June 2024, down by 5.1% month-over-month. Of the 74 sold homes, 54% were sold under asking, 28% were sold at asking, and 18% were sold over asking.
Days on Market for Kingwood Area, TX
How long does it take to sell a home in Kingwood Area, TX?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 21 Days | 26 Days | +25.3% |
Summary: Homes in Kingwood Area had an average of 26 days on market in Jun 2024, up by 25.3% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kingwood Area are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 74 homes were sold in Kingwood Area; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.