Is Mahncke Park, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Mahncke Park was a Seller's Market.
Housing Prices in Mahncke Park, TX
How much do homes in Mahncke Park, TX cost?
Median Sold Price
$510,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mahncke Park was $510,000 in April 2024, up 4.6% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $570K | $447.5K | -21.5% |
2 Bedrooms | $376.9K | $465K | +23.4% |
3 Bedrooms | $487.5K | $474.9K | -2.6% |
4 Bedrooms | $560K | $620.1K | +10.7% |
5+ Bedrooms | - | $775K | N/A |
Summary: Mahncke Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.5%, 2 bedroom homes increased by 23.4%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes did not change.
Housing Supply in Mahncke Park, TX
How many homes are available in Mahncke Park, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 36 | +2.9% |
Summary: The Mahncke Park real estate market had 36 homes for sale in April 2024, a 2.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 13 | 13 | 0.0% |
3 Bedrooms | 14 | 14 | 0.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mahncke Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Mahncke Park in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Mahncke Park, TX
How long does it take to sell a home in Mahncke Park, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
98 Days | 68 Days | -30.9% |
Summary: Homes in Mahncke Park had an average of 68 days on market in Apr 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Mahncke Park; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.