Is River Oaks, TX a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing River Oaks is a neutral's market


Difference Since May 2023

At the same time last year, River Oaks was a Seller's Market.

Key Takeaway

River Oaks 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 River Oaks, TX

How much do homes in River Oaks, TX cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in River Oaks have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in River Oaks was $2,275,000 in May 2024, up 1.1% from last year, and the median price per square foot was $554.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $237.5K$263K
2 $513.4K$327.5K
3 $1.5M$1.5M
4 $2.5M$2.5M
5+ $3.0M$4.7M

Summary: River Oaks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.7%, 2 bedroom homes decreased by 36.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 56.5%.

Median Sold Price Compared To Nearby Neighborhoods

Washington Avenue Coalition / Memorial Park
Rice Military
River Oaks
Magnolia Grove

Housing Supply in River Oaks, TX

How many homes are available in River Oaks, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The River Oaks real estate market had 91 homes for sale in May 2024, a 31.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 44
2 812
3 2026
4 1927
5+ 1822

Summary: The River Oaks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in River Oaks, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in River Oaks in May 2024, up by 40.0% month-over-month. Of the 14 sold homes, 64% were sold under asking, 7% were sold at asking, and 29% 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

May 2023May 2024CHANGE
63 Days45 Days-29.6%

Summary: Homes in River Oaks had an average of 45 days on market in May 2024, down by 29.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in River Oaks are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 14 homes were sold in River Oaks; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in River Oaks, TX

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