Is Prairie View-Waller, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Prairie View-Waller was a Seller's Market.
Key Takeaway
Prairie View-Waller is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Prairie View-Waller, TX
How much do homes in Prairie View-Waller, TX cost?
Median Sold Price
$389,950
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Prairie View-Waller have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Prairie View-Waller was $389,950 in March 2024, down 2.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $577.5K | +113.9% |
| 2 Bedrooms | $315K | $278.5K | -11.6% |
| 3 Bedrooms | $350K | $346K | -1.1% |
| 4 Bedrooms | $445K | $437.7K | -1.6% |
| 5+ Bedrooms | $513K | $492.5K | -4.0% |
Summary: Prairie View-Waller housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 113.9%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Hempstead | $229.5K | $286K | +24.6% |
| Prairie View-Waller | $399K | $389.9K | -2.3% |
Housing Supply in Prairie View-Waller, TX
How many homes are available in Prairie View-Waller, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 98 | 118 | +20.4% |
Summary: The Prairie View-Waller real estate market had 118 homes for sale in March 2024, a 20.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 55 | 62 | +12.7% |
| 4 Bedrooms | 21 | 30 | +42.9% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Prairie View-Waller housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 18 | +125.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prairie View-Waller, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Prairie View-Waller in March 2024, up by 125.0% month-over-month. Of the 18 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Prairie View-Waller, TX
How long does it take to sell a home in Prairie View-Waller, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 65 Days | 73 Days | +10.7% |
Summary: Homes in Prairie View-Waller had an average of 73 days on market in Mar 2024, up by 10.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Prairie View-Waller are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Prairie View-Waller; 44% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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