Is People Active in Community Effort, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing People Active in Community Effort is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, People Active in Community Effort has remained a Seller's Market.

Key Takeaway

People Active in Community Effort is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in People Active in Community Effort, TX

How much do homes in People Active in Community Effort, TX cost?

Median Sold Price

$225,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$5,000(-2.2%)

Key Takeaway

Homes in People Active in Community Effort have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in People Active in Community Effort was $225,000 in April 2024, down 2.2% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $191K$237.9K
+24.6%
3 $212.5K$212.2K
-0.1%
4 $260K$245.9K
-5.4%
5+ $295K$287K
-2.7%

Summary: People Active in Community Effort 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 increased by 24.6%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Neighborhoods

Southwest
+6.4%
People Active in Community Effort
-2.2%
Springvale
-2.9%
Solana Ridge
-5.8%

Housing Supply in People Active in Community Effort, TX

How many homes are available in People Active in Community Effort, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
97100+3.1%

Summary: The People Active in Community Effort real estate market had 100 homes for sale in April 2024, a 3.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 44
0.0%
3 4953
+8.2%
4 3938
-2.6%
5+ 55
0.0%

Summary: The People Active in Community Effort 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 remained the same, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
22220.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in People Active in Community Effort, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in People Active in Community Effort in April 2024, the same as the previous month. Of the 22 sold homes, 45% were sold under asking, 41% were sold at asking, and 14% were sold over asking.

Days on Market for People Active in Community Effort, TX

How long does it take to sell a home in People Active in Community Effort, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
57 Days55 Days-4.3%

Summary: Homes in People Active in Community Effort had an average of 55 days on market in Apr 2024, down by 4.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in People Active in Community Effort are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 22 homes were sold in People Active in Community Effort; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% 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 7 Days Ago

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