Is South Belt / Ellington, 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 Belt / Ellington has remained a Seller's Market.
Housing Prices in South Belt / Ellington, TX
How much do homes in South Belt / Ellington, TX cost?
Median Sold Price
$259,826
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Belt / Ellington was $259,826 in April 2024, up 4.8% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $160K | $158.5K | -0.9% |
3 Bedrooms | $242.9K | $250K | +2.9% |
4 Bedrooms | $269.9K | $280K | +3.7% |
5+ Bedrooms | $280.5K | $260.5K | -7.1% |
Summary: South Belt / Ellington 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 decreased by 0.9%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 7.1%.
Median Sold Price Compared To Nearby Neighborhoods
Greater Hobby Area | $254.7K | $270K | +6.0% |
Edgebrook Area | $214.4K | $224.9K | +4.9% |
South Belt / Ellington | $248K | $259.8K | +4.8% |
Clear Lake | $268.3K | $280K | +4.4% |
Housing Supply in South Belt / Ellington, TX
How many homes are available in South Belt / Ellington, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
116 | 122 | +5.2% |
Summary: The South Belt / Ellington real estate market had 122 homes for sale in April 2024, a 5.2% increase 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 | 2 | 1 | -50.0% |
3 Bedrooms | 75 | 76 | +1.3% |
4 Bedrooms | 36 | 41 | +13.9% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The South Belt / Ellington 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 decreased by 50%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 33 | +43.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in South Belt / Ellington in April 2024, up by 43.5% month-over-month. Of the 33 sold homes, 42% were sold under asking, 27% were sold at asking, and 30% were sold over asking.
Days on Market for South Belt / Ellington, TX
How long does it take to sell a home in South Belt / Ellington, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 32 Days | -22.3% |
Summary: Homes in South Belt / Ellington had an average of 32 days on market in Apr 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in South Belt / Ellington; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.