Housing Prices in May, TX
How much do homes in May, TX cost?
Median List Price
$346,000
$171/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in May has decreased by 9.2% since last year.
Summary: The median home list price in May was $346,000 in March 2024, down 9.2% from the previous year, and the median price per square foot was $171.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $90K | -30.7% |
| 2 Bedrooms | $185K | $299.5K | +61.9% |
| 3 Bedrooms | $399K | $220K | -44.9% |
| 4 Bedrooms | $989K | $990K | 0.1% |
| 5+ Bedrooms | - | $1.4M | N/A |
Summary: May housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.7%, 2 bedroom homes increased by 61.9%, 3 bedroom homes decreased by 44.9%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes did not change.
Housing Supply in May, TX
How many homes are available in May, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 21 | +16.7% |
Summary: The May real estate market had 21 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 3 | 6 | +100.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The May housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Days on Market for May, TX
How long does it take to sell a home in May, TX?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 157 Days | 86 Days | -45.1% |
Summary: Homes in May had an average listing age of 86 days in Mar 2024, down by 45.1% compared to the previous year.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.