Is Meadowbrook / Allendale, 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, Meadowbrook / Allendale has remained a Seller's Market.
Key Takeaway
Meadowbrook / Allendale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meadowbrook / Allendale, TX
How much do homes in Meadowbrook / Allendale, TX cost?
Median Sold Price
$201,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Meadowbrook / Allendale have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Meadowbrook / Allendale was $201,000 in April 2024, up 0.6% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $166.7K | $189K | +13.4% |
| 3 Bedrooms | $197K | $199.9K | +1.5% |
| 4 Bedrooms | $243K | $250K | +2.9% |
| 5+ Bedrooms | $291.9K | $290K | -0.7% |
Summary: Meadowbrook / Allendale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Edgebrook Area | $214.4K | $224.9K | +4.9% |
| Meadowbrook / Allendale | $199.9K | $201K | +0.6% |
| Eastside | $230K | $227K | -1.3% |
Housing Supply in Meadowbrook / Allendale, TX
How many homes are available in Meadowbrook / Allendale, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 34 | +21.4% |
Summary: The Meadowbrook / Allendale real estate market had 34 homes for sale in April 2024, a 21.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Meadowbrook / Allendale 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 increased by 33.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meadowbrook / Allendale, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Meadowbrook / Allendale in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Meadowbrook / Allendale, TX
How long does it take to sell a home in Meadowbrook / Allendale, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 66 Days | +21.3% |
Summary: Homes in Meadowbrook / Allendale had an average of 66 days on market in Apr 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Meadowbrook / Allendale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Meadowbrook / Allendale; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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