Is Northwest, 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, Northwest has remained a Seller's Market.
Housing Prices in Northwest, TX
How much do homes in Northwest, TX cost?
Median Sold Price
$746,671
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northwest was $746,671 in April 2024, down 0.4% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $267K | -4.6% |
2 Bedrooms | $399K | $380K | -4.8% |
3 Bedrooms | $666.5K | $604K | -9.4% |
4 Bedrooms | $954.5K | $918K | -3.8% |
5+ Bedrooms | $1.1M | $1.2M | +4.4% |
Summary: Northwest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Neighborhoods
Jester | $995K | $1.0M | +4.3% |
Northwest | $749.6K | $746.6K | -0.4% |
Housing Supply in Northwest, TX
How many homes are available in Northwest, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
388 | 469 | +20.9% |
Summary: The Northwest real estate market had 469 homes for sale in April 2024, a 20.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 15 | +36.4% |
2 Bedrooms | 68 | 86 | +26.5% |
3 Bedrooms | 106 | 138 | +30.2% |
4 Bedrooms | 151 | 166 | +9.9% |
5+ Bedrooms | 52 | 64 | +23.1% |
Summary: The Northwest housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 36.4%, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 30.2%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
97 | 81 | -16.5% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 81 homes were sold or pending in Northwest in April 2024, down by 16.5% month-over-month. Of the 81 sold homes, 52% were sold under asking, 20% were sold at asking, and 28% were sold over asking.
Days on Market for Northwest, TX
How long does it take to sell a home in Northwest, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 23 Days | -20.8% |
Summary: Homes in Northwest had an average of 23 days on market in Apr 2024, down by 20.8% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 81 homes were sold in Northwest; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.