Is River Oaks, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, River Oaks was a Seller's Market.
Housing Prices in River Oaks, TX
How much do homes in River Oaks, TX cost?
Median Sold Price
$2,204,000
$545/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in River Oaks was $2,204,000 in April 2024, down 2% from last year, and the median price per square foot was $545.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.2K | $306.5K | +33.7% |
2 Bedrooms | $481.2K | $330K | -31.4% |
3 Bedrooms | $1.5M | $1.4M | -6.1% |
4 Bedrooms | $2.6M | $2.3M | -11.7% |
5+ Bedrooms | $3.1M | $4.7M | +50.7% |
Summary: River Oaks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.7%, 2 bedroom homes decreased by 31.4%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes increased by 50.7%.
Median Sold Price Compared To Nearby Neighborhoods
Washington Avenue Coalition / Memorial Park | $501.6K | $522.5K | +4.2% |
Rice Military | $535K | $552.5K | +3.3% |
River Oaks | $2.2M | $2.2M | -2.0% |
Magnolia Grove | $515K | $501K | -2.7% |
Housing Supply in River Oaks, TX
How many homes are available in River Oaks, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 85 | +34.9% |
Summary: The River Oaks real estate market had 85 homes for sale in April 2024, a 34.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 16 | 22 | +37.5% |
4 Bedrooms | 11 | 24 | +118.2% |
5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The River Oaks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 118.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in River Oaks in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for River Oaks, TX
How long does it take to sell a home in River Oaks, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 53 Days | +4.7% |
Summary: Homes in River Oaks had an average of 53 days on market in Apr 2024, up by 4.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in River Oaks; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.