Is Minnetex, 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, Minnetex was a Seller's Market.
Housing Prices in Minnetex, TX
How much do homes in Minnetex, TX cost?
Median Sold Price
$259,900
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Minnetex was $259,900 in April 2024, up 2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $125K | N/A |
2 Bedrooms | $165K | $465K | +181.8% |
3 Bedrooms | $249.3K | $255K | +2.3% |
4 Bedrooms | $280.3K | $291K | +3.8% |
5+ Bedrooms | - | $345K | N/A |
Summary: Minnetex 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 181.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
South Acres / Crestmont Park | $198.3K | $225K | +13.5% |
Southeast Houston | $215.6K | $229.9K | +6.6% |
Greater Hobby Area | $254.7K | $270K | +6.0% |
Minnetex | $254.9K | $259.9K | +2.0% |
South Park | $179.4K | $175K | -2.5% |
Housing Supply in Minnetex, TX
How many homes are available in Minnetex, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 26 | +44.4% |
Summary: The Minnetex real estate market had 26 homes for sale in April 2024, a 44.4% 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 | 3 | +50.0% |
3 Bedrooms | 8 | 15 | +87.5% |
4 Bedrooms | 8 | 7 | -12.5% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Minnetex 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 50%, 3 bedroom homes increased by 87.5%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Minnetex in April 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Minnetex, TX
How long does it take to sell a home in Minnetex, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
105 Days | 50 Days | -52.2% |
Summary: Homes in Minnetex had an average of 50 days on market in Apr 2024, down by 52.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Minnetex; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.