Is Kingwood Area, 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 Area has remained a Seller's Market.
Housing Prices in Kingwood Area, TX
How much do homes in Kingwood Area, TX cost?
Median Sold Price
$346,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kingwood Area was $346,500 in April 2024, up 2% 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 | $155.5K | +3.0% |
2 Bedrooms | $231.2K | $230.7K | -0.2% |
3 Bedrooms | $265K | $272K | +2.7% |
4 Bedrooms | $370K | $365K | -1.4% |
5+ Bedrooms | $549.9K | $524.9K | -4.5% |
Summary: Kingwood Area housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 4.5%.
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 Area, TX
How many homes are available in Kingwood Area, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
288 | 336 | +16.7% |
Summary: The Kingwood Area real estate market had 336 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 87 | 84 | -3.4% |
4 Bedrooms | 150 | 189 | +26.0% |
5+ Bedrooms | 39 | 48 | +23.1% |
Summary: The Kingwood Area housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 96 | +28.0% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Kingwood Area in April 2024, up by 28.0% month-over-month. Of the 96 sold homes, 48% were sold under asking, 30% were sold at asking, and 22% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 29 Days | +6.2% |
Summary: Homes in Kingwood Area had an average of 29 days on market in Apr 2024, up by 6.2% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 96 homes were sold in Kingwood Area; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.