Is Port Bolivar, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Bolivar is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Port Bolivar was a Seller's Market.

Key Takeaway

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

Housing Prices in Port Bolivar, TX

How much do homes in Port Bolivar, TX cost?

Median Sold Price

$506,700

$347/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$43,300(-7.9%)

Key Takeaway

Homes in Port Bolivar have sold for 7.9% less than they did a year ago.

Summary: The median home sold price in Port Bolivar was $506,700 in March 2024, down 7.9% from last year, and the median price per square foot was $347.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $319.5K$347.4K
+8.7%
2 $401.2K$345K
-14.0%
3 $549K$485K
-11.7%
4 $829.5K$667.5K
-19.5%
5+ $1.1M$835K
-30.1%

Summary: Port Bolivar housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 14%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 30.1%.

Median Sold Price Compared To Nearby Cities

Gilchrist
+1.6%
Port Bolivar
-7.9%
Bolivar Peninsula
-11.0%

Housing Supply in Port Bolivar, TX

How many homes are available in Port Bolivar, TX?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
234299+27.8%

Summary: The Port Bolivar real estate market had 299 homes for sale in March 2024, a 27.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 67
+16.7%
2 2844
+57.1%
3 126160
+27.0%
4 5973
+23.7%
5+ 1515
0.0%

Summary: The Port Bolivar housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
520+300.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Bolivar, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Port Bolivar in March 2024, up by 300.0% month-over-month. Of the 20 sold homes, 70% were sold under asking, 5% were sold at asking, and 25% were sold over asking.

Days on Market for Port Bolivar, TX

How long does it take to sell a home in Port Bolivar, TX?

Average Sale Time

Mar 2023Mar 2024CHANGE
68 Days91 Days+33.3%

Summary: Homes in Port Bolivar had an average of 91 days on market in Mar 2024, up by 33.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 20 homes were sold in Port Bolivar; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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 27 Days Ago

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