Is MLK-183, 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-183 was a Seller's Market.
Housing Prices in MLK-183, TX
How much do homes in MLK-183, TX cost?
Median Sold Price
$502,500
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in MLK-183 was $502,500 in April 2024, down 8.3% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $550K | $387.5K | -29.5% |
2 Bedrooms | $525.5K | $482.5K | -8.2% |
3 Bedrooms | $548.6K | $550K | 0.3% |
4 Bedrooms | $640.1K | $728.7K | +13.8% |
5+ Bedrooms | $915K | - | N/A |
Summary: MLK-183 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.5%, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes did not change.
Housing Supply in MLK-183, TX
How many homes are available in MLK-183, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
87 | 91 | +4.6% |
Summary: The MLK-183 real estate market had 91 homes for sale in April 2024, a 4.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 24 | 26 | +8.3% |
3 Bedrooms | 44 | 44 | 0.0% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The MLK-183 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 8.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in MLK-183 in April 2024, the same as the previous month. Of the 13 sold homes, 38% were sold under asking, 38% were sold at asking, and 23% were sold over asking.
Days on Market for MLK-183, TX
How long does it take to sell a home in MLK-183, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
55 Days | 65 Days | +17.8% |
Summary: Homes in MLK-183 had an average of 65 days on market in Apr 2024, up by 17.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in MLK-183; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.