Is South Acres / Crestmont Park, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Acres / Crestmont Park has remained a Seller's Market.
Housing Prices in South Acres / Crestmont Park, TX
How much do homes in South Acres / Crestmont Park, TX cost?
Median Sold Price
$225,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Acres / Crestmont Park was $225,000 in April 2024, up 13.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $140K | $205.9K | +47.1% |
3 Bedrooms | $198.3K | $225K | +13.5% |
4 Bedrooms | $199K | $223K | +12.1% |
5+ Bedrooms | $254.3K | $232K | -8.8% |
Summary: South Acres / Crestmont Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.1%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
Sunnyside | $209K | $250K | +19.6% |
South Acres / Crestmont Park | $198.3K | $225K | +13.5% |
Southeast Houston | $215.6K | $229.9K | +6.6% |
Minnetex | $254.9K | $259.9K | +2.0% |
South Park | $179.4K | $175K | -2.5% |
Housing Supply in South Acres / Crestmont Park, TX
How many homes are available in South Acres / Crestmont Park, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 91 | -9.0% |
Summary: The South Acres / Crestmont Park real estate market had 91 homes for sale in April 2024, a 9.0% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 66 | 66 | 0.0% |
4 Bedrooms | 31 | 24 | -22.6% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The South Acres / Crestmont Park 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 22.6%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 18 | -40.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in South Acres / Crestmont Park in April 2024, down by 40.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.
Days on Market for South Acres / Crestmont Park, TX
How long does it take to sell a home in South Acres / Crestmont Park, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 31 Days | -50.3% |
Summary: Homes in South Acres / Crestmont Park had an average of 31 days on market in Apr 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in South Acres / Crestmont Park; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.