Is Nome-China, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Nome-China was a Seller's Market.
Key Takeaway
Nome-China is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nome-China, TX
How much do homes in Nome-China, TX cost?
Median Sold Price
$303,500
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Nome-China have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Nome-China was $303,500 in March 2024, up 14.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $310K | +51.2% |
| 3 Bedrooms | $271K | $293.2K | +8.2% |
| 4 Bedrooms | $265K | $380K | +43.4% |
| 5+ Bedrooms | $390K | $352.2K | -9.7% |
Summary: Nome-China housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 43.4%, and 5+ bedroom homes decreased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Nome-China | $265K | $303.5K | +14.5% |
| Beaumont | $210K | $215K | +2.4% |
Housing Supply in Nome-China, TX
How many homes are available in Nome-China, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 26 | +8.3% |
Summary: The Nome-China real estate market had 26 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Nome-China housing inventory by bedroom type for March 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 28.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nome-China, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Nome-China in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Nome-China, TX
How long does it take to sell a home in Nome-China, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 58 Days | -3.3% |
Summary: Homes in Nome-China had an average of 58 days on market in Mar 2024, down by 3.3% 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
Key Takeaway
Many homes in Nome-China are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Nome-China; 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.
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