Is Port Arthur, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Port Arthur was a Seller's Market.
Housing Prices in Port Arthur, TX
How much do homes in Port Arthur, TX cost?
Median Sold Price
$87,000
$48/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Port Arthur was $87,000 in April 2024, down 9.4% from last month, and the median price per square foot was $48.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $96K | - | N/A |
2 Bedrooms | $73.5K | $31K | -57.8% |
3 Bedrooms | $163K | $106K | -35.0% |
4 Bedrooms | $694.5K | $97K | -86.0% |
5+ Bedrooms | - | - | N/A |
Summary: Port Arthur housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 57.8%, 3 bedroom homes decreased by 35%, 4 bedroom homes decreased by 86%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Port Arthur | $96K | $87K | -9.4% |
Port Neches | $440K | $215.5K | -51.0% |
Housing Supply in Port Arthur, TX
How many homes are available in Port Arthur, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
75 | 78 | +4.0% |
Summary: The Port Arthur real estate market had 78 homes for sale in April 2024, a 4.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 18 | 18 | 0.0% |
3 Bedrooms | 45 | 48 | +6.7% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Port Arthur housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Port Arthur in April 2024, down by 38.5% month-over-month. Of the 8 sold homes, 63% were sold under asking, 0% were sold at asking, and 38% were sold over asking.
Days on Market for Port Arthur, TX
How long does it take to sell a home in Port Arthur, TX?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 Days | 60 Days | -10.7% |
Summary: Homes in Port Arthur had an average of 60 days on market in Apr 2024, down by 10.7% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Port Arthur; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.