Is MLK, 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, MLK was a Seller's Market.
Key Takeaway
MLK is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in MLK, TX
How much do homes in MLK, TX cost?
Median Sold Price
$590,000
$431/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in MLK have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in MLK was $590,000 in April 2024, down 5.6% from last year, and the median price per square foot was $431.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $402.5K | $325K | -19.3% |
| 2 Bedrooms | $589.9K | $480K | -18.6% |
| 3 Bedrooms | $700K | $750K | +7.1% |
| 4 Bedrooms | $775.5K | $897K | +15.7% |
| 5+ Bedrooms | - | $1.4M | N/A |
Summary: MLK housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.3%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes did not change.
Housing Supply in MLK, TX
How many homes are available in MLK, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 49 | +14.0% |
Summary: The MLK real estate market had 49 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The MLK housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in MLK, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in MLK in April 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for MLK, TX
How long does it take to sell a home in MLK, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 98 Days | 76 Days | -22.3% |
Summary: Homes in MLK had an average of 76 days on market in Apr 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in MLK are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in MLK; 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.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.