Is Rice Military, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Rice Military has remained a Seller's Market.
Housing Prices in Rice Military, TX
How much do homes in Rice Military, TX cost?
Median Sold Price
$555,000
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Rice Military was $555,000 in March 2024, up 3.3% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $262.7K | $277.5K | +5.6% |
2 Bedrooms | $415K | $363.6K | -12.4% |
3 Bedrooms | $535K | $557.5K | +4.2% |
4 Bedrooms | $900K | $807.5K | -10.3% |
5+ Bedrooms | - | $1.2M | N/A |
Summary: Rice Military housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Washington Avenue Coalition / Memorial Park | $501.1K | $519.7K | +3.7% |
Rice Military | $537.5K | $555K | +3.3% |
Magnolia Grove | $515K | $520K | +1.0% |
River Oaks | $2.2M | $2.1M | -5.2% |
Housing Supply in Rice Military, TX
How many homes are available in Rice Military, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 67 | +11.7% |
Summary: The Rice Military real estate market had 67 homes for sale in March 2024, a 11.7% 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 | 8 | 8 | 0.0% |
3 Bedrooms | 33 | 40 | +21.2% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Rice Military 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 remained the same, 3 bedroom homes increased by 21.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 19 | +35.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Rice Military in March 2024, up by 35.7% month-over-month. Of the 19 sold homes, 84% were sold under asking, 16% were sold at asking, and 0% were sold over asking.
Days on Market for Rice Military, TX
How long does it take to sell a home in Rice Military, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 34 Days | +1.5% |
Summary: Homes in Rice Military had an average of 34 days on market in Mar 2024, up by 1.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Rice Military; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.