Is Shepherd, 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, Shepherd was a Neutral Market.
Housing Prices in Shepherd, TX
How much do homes in Shepherd, TX cost?
Median Sold Price
$200,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shepherd was $200,000 in March 2024, up 25% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $250K | N/A |
2 Bedrooms | $119K | $125.2K | +5.2% |
3 Bedrooms | $160K | $207.5K | +29.7% |
4 Bedrooms | $362.7K | $270K | -25.6% |
5+ Bedrooms | $875K | - | N/A |
Summary: Shepherd housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 29.7%, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Shepherd | $160K | $200K | +25.0% |
Shepherd-Evergreen | $254.7K | $229.5K | -9.9% |
Housing Supply in Shepherd, TX
How many homes are available in Shepherd, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 29 | +26.1% |
Summary: The Shepherd real estate market had 29 homes for sale in March 2024, a 26.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 12 | 15 | +25.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Shepherd 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 40%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Shepherd in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 80% were sold at asking, and 0% were sold over asking.
Days on Market for Shepherd, TX
How long does it take to sell a home in Shepherd, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
19 Days | 28 Days | +51.6% |
Summary: Homes in Shepherd had an average of 28 days on market in Mar 2024, up by 51.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Shepherd; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.