Is South Central Houston, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Central Houston was a Seller's Market.
Housing Prices in South Central Houston, TX
How much do homes in South Central Houston, TX cost?
Median Sold Price
$434,987
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Central Houston was $434,987 in April 2024, up 3.5% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $239.6K | $245K | +2.2% |
2 Bedrooms | $332.2K | $328.5K | -1.1% |
3 Bedrooms | $425K | $435K | +2.4% |
4 Bedrooms | $650K | $725K | +11.5% |
5+ Bedrooms | $1.3M | $1.3M | -1.8% |
Summary: South Central Houston housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
Midtown | $345K | $380.3K | +10.2% |
Museum Park | $525K | $547.5K | +4.3% |
South Central Houston | $420.3K | $434.9K | +3.5% |
Macgregor | $374.9K | $382K | +1.9% |
Greater Third Ward | $409.9K | $400K | -2.4% |
Housing Supply in South Central Houston, TX
How many homes are available in South Central Houston, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
463 | 569 | +22.9% |
Summary: The South Central Houston real estate market had 569 homes for sale in April 2024, a 22.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 36 | 37 | +2.8% |
2 Bedrooms | 102 | 121 | +18.6% |
3 Bedrooms | 239 | 305 | +27.6% |
4 Bedrooms | 62 | 71 | +14.5% |
5+ Bedrooms | 24 | 35 | +45.8% |
Summary: The South Central Houston housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 45.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 64 | -8.6% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in South Central Houston in April 2024, down by 8.6% month-over-month. Of the 64 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.
Days on Market for South Central Houston, TX
How long does it take to sell a home in South Central Houston, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 56 Days | +26.8% |
Summary: Homes in South Central Houston had an average of 56 days on market in Apr 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 64 homes were sold in South Central Houston; 58% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.