Is Pointe West, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pointe West is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Pointe West was a Seller's Market.

Key Takeaway

Pointe West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Pointe West, TX

How much do homes in Pointe West, TX cost?

Median Sold Price

$613,750

$374/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$38,750(+6.7%)

Key Takeaway

Homes in Pointe West have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Pointe West was $613,750 in April 2024, up 6.7% from last year, and the median price per square foot was $374.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $419K$394K
-6.0%
3 $580K$589K
+1.6%
4 $964.1K$957.7K
-0.7%
5+ $800K$1.6M
+104.7%

Summary: Pointe West 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 6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 104.7%.

Housing Supply in Pointe West, TX

How many homes are available in Pointe West, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4655+19.6%

Summary: The Pointe West real estate market had 55 homes for sale in April 2024, a 19.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 88
0.0%
3 1929
+52.6%
4 1515
0.0%
5+ 43
-25.0%

Summary: The Pointe West 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 52.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pointe West, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Pointe West in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Pointe West, TX

How long does it take to sell a home in Pointe West, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
76 Days14 Days-80.7%

Summary: Homes in Pointe West had an average of 14 days on market in Apr 2024, down by 80.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 3 homes were sold in Pointe West; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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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