Is Port Neches, 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 Neches was a Neutral Market.
Key Takeaway
Port Neches is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Neches, TX
How much do homes in Port Neches, TX cost?
Median Sold Price
$215,500
$152/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Port Neches have sold for 51% less than they did a month ago.
Summary: The median home sold price in Port Neches was $215,500 in April 2024, down 51% from last month, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $68K | N/A |
| 3 Bedrooms | - | $252K | N/A |
| 4 Bedrooms | $440K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Port Neches 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 did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, 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 Neches, TX
How many homes are available in Port Neches, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Summary: The Port Neches real estate market had 17 homes for sale in April 2024, a 21.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 5 | 8 | +60.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Port Neches 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 200%, 3 bedroom homes increased by 60%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Neches, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Port Neches in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Port Neches, TX
How long does it take to sell a home in Port Neches, TX?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 198 Days | 55 Days | -72.1% |
Summary: Homes in Port Neches had an average of 55 days on market in Apr 2024, down by 72.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Port Neches are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Port Neches; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.