Is Onion Creek, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Onion Creek is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Onion Creek has remained a Seller's Market.

Key Takeaway

Onion Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Onion Creek, TX

How much do homes in Onion Creek, TX cost?

Median Sold Price

$557,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$81,750(-12.8%)

Key Takeaway

Homes in Onion Creek have sold for 12.8% less than they did a year ago.

Summary: The median home sold price in Onion Creek was $557,000 in April 2024, down 12.8% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $395K$361.5K
-8.5%
3 $599.5K$485.5K
-19.0%
4 $725K$648.7K
-10.5%
5+ $932.2K$815K
-12.6%

Summary: Onion Creek 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 decreased by 8.5%, 3 bedroom homes decreased by 19%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 12.6%.

Housing Supply in Onion Creek, TX

How many homes are available in Onion Creek, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2832+14.3%

Summary: The Onion Creek real estate market had 32 homes for sale in April 2024, a 14.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 1314
+7.7%
4 1111
0.0%
5+ 12
+100.0%

Summary: The Onion Creek 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 66.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Onion Creek, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Onion Creek in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Onion Creek, TX

How long does it take to sell a home in Onion Creek, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
47 Days82 Days+75.5%

Summary: Homes in Onion Creek had an average of 82 days on market in Apr 2024, up by 75.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Onion Creek are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 6 homes were sold in Onion Creek; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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