Is Kingwood Area, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kingwood Area is a seller's market

Buyer's
Market

Difference Since May 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

$346,426

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,072(+2.1%)

Key Takeaway

Homes in Kingwood Area have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Kingwood Area was $346,426 in May 2024, up 2.1% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $152K$155.5K
+2.3%
2 $219.9K$270K
+22.8%
3 $265K$272.3K
+2.8%
4 $370K$365K
-1.4%
5+ $534K$520K
-2.6%

Summary: Kingwood Area housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 2.6%.

Median Sold Price Compared To Nearby Neighborhoods

Kingwood Area
+2.1%
Kingwood
0%
Lake Houston
-1.3%

Housing Supply in Kingwood Area, TX

How many homes are available in Kingwood Area, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
312339+8.7%

Summary: The Kingwood Area real estate market had 339 homes for sale in May 2024, a 8.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 117
-36.4%
3 8180
-1.2%
4 174206
+18.4%
5+ 4443
-2.3%

Summary: The Kingwood Area housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 36.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 2.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
10072-28.0%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kingwood Area, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 72 homes were sold or pending in Kingwood Area in May 2024, down by 28.0% month-over-month. Of the 72 sold homes, 63% were sold under asking, 24% were sold at asking, and 14% 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

May 2023May 2024CHANGE
26 Days30 Days+16.6%

Summary: Homes in Kingwood Area had an average of 30 days on market in May 2024, up by 16.6% compared to last year.

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 72 homes were sold in Kingwood Area; 76% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 11% 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 12 Days Ago

Newest Listings in Kingwood Area, TX

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