Is Prospect Hill, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Prospect Hill has remained a Seller's Market.
Housing Prices in Prospect Hill, TX
How much do homes in Prospect Hill, TX cost?
Median Sold Price
$200,000
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Prospect Hill was $200,000 in April 2024, up 36.5% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $85K | +70.0% |
2 Bedrooms | $115K | $124K | +7.8% |
3 Bedrooms | $167.5K | $205.9K | +22.9% |
4 Bedrooms | $272K | $228.2K | -16.1% |
5+ Bedrooms | $422.4K | $295K | -30.2% |
Summary: Prospect Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 22.9%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes decreased by 30.2%.
Median Sold Price Compared To Nearby Neighborhoods
Prospect Hill | $146.5K | $200K | +36.5% |
Gardendale | $103.9K | $135.9K | +30.8% |
Woodlawn Lake | $257K | $206K | -19.8% |
Loma Vista | $187.9K | $108K | -42.5% |
Housing Supply in Prospect Hill, TX
How many homes are available in Prospect Hill, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 55 | 0.0% |
Summary: The Prospect Hill real estate market had 55 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 32 | 32 | 0.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Prospect Hill 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Prospect Hill in April 2024, up by 50.0% month-over-month. Of the 12 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Prospect Hill, TX
How long does it take to sell a home in Prospect Hill, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
102 Days | 52 Days | -49.0% |
Summary: Homes in Prospect Hill had an average of 52 days on market in Apr 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Prospect Hill; 33% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.