Is Silsbee, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Silsbee has remained a Seller's Market.
Key Takeaway
Silsbee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Silsbee, TX
How much do homes in Silsbee, TX cost?
Median Sold Price
$168,750
$145/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Silsbee have sold for 5.5% more than they did a month ago.
Summary: The median home sold price in Silsbee was $168,750 in April 2024, up 5.5% from last month, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $126.9K | $137.5K | +8.4% |
| 3 Bedrooms | $177.5K | $165K | -7.0% |
| 4 Bedrooms | $155K | $655K | +322.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Silsbee housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 7%, 4 bedroom homes increased by 322.6%, and 5+ bedroom homes did not change.
Housing Supply in Silsbee, TX
How many homes are available in Silsbee, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Silsbee real estate market had 26 homes for sale in April 2024, a 10.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Silsbee 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 increased by 14.3%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Silsbee, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Silsbee in April 2024, the same as the previous month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Silsbee, TX
How long does it take to sell a home in Silsbee, TX?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 63 Days | +207.3% |
Summary: Homes in Silsbee had an average of 63 days on market in Apr 2024, up by 207.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Silsbee has remained consistent over time.
Summary: During April 2024, 6 homes were sold in Silsbee; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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