Is Meyerland 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, Meyerland Area has remained a Seller's Market.
Key Takeaway
Meyerland Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Meyerland Area, TX
How much do homes in Meyerland Area, TX cost?
Median Sold Price
$451,500
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Meyerland Area has remained the same since last year.
Summary: The median home sold price in Meyerland Area was $451,500 in April 2024, up 0.3% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79.5K | $84.5K | +6.3% |
| 2 Bedrooms | $113K | $111K | -1.8% |
| 3 Bedrooms | $397K | $400K | +0.8% |
| 4 Bedrooms | $467.5K | $492K | +5.2% |
| 5+ Bedrooms | $672.5K | $830K | +23.4% |
Summary: Meyerland Area housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 23.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Braeburn | $201K | $241K | +19.9% |
| Westbury | $296.7K | $327K | +10.2% |
| South Gessner | $210K | $213.8K | +1.8% |
| Meyerland Area | $450K | $451.5K | 0.3% |
| Willow Meadows / Willowbend Area | $360K | $350K | -2.8% |
Housing Supply in Meyerland Area, TX
How many homes are available in Meyerland Area, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 78 | 106 | +35.9% |
Summary: The Meyerland Area real estate market had 106 homes for sale in April 2024, a 35.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 32 | 42 | +31.3% |
| 4 Bedrooms | 34 | 46 | +35.3% |
| 5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The Meyerland Area 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 increased by 100%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 22 | +46.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Meyerland Area, you may be able to get a good deal. 68.2% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Meyerland Area in April 2024, up by 46.7% month-over-month. Of the 22 sold homes, 68% were sold under asking, 9% were sold at asking, and 23% were sold over asking.
Days on Market for Meyerland Area, TX
How long does it take to sell a home in Meyerland Area, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 33 Days | -24.8% |
Summary: Homes in Meyerland Area had an average of 33 days on market in Apr 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Meyerland Area are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Meyerland Area; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.