Is South Gessner, 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 Gessner has remained a Seller's Market.
Housing Prices in South Gessner, TX
How much do homes in South Gessner, TX cost?
Median Sold Price
$213,800
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Gessner was $213,800 in April 2024, up 1.8% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $72K | $83.8K | +16.5% |
2 Bedrooms | $113K | $114K | +0.9% |
3 Bedrooms | $230K | $232.5K | +1.1% |
4 Bedrooms | $305K | $296.5K | -2.8% |
5+ Bedrooms | $354.5K | $460.5K | +29.9% |
Summary: South Gessner housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.5%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 29.9%.
Median Sold Price Compared To Nearby Neighborhoods
Braeburn | $201K | $241K | +19.9% |
South Gessner | $210K | $213.8K | +1.8% |
Meyerland Area | $450K | $451.5K | 0.3% |
Sharpstown | $225K | $219K | -2.7% |
Brays Oaks | $208.7K | $200K | -4.2% |
Housing Supply in South Gessner, TX
How many homes are available in South Gessner, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
191 | 234 | +22.5% |
Summary: The South Gessner real estate market had 234 homes for sale in April 2024, a 22.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 14 | +75.0% |
2 Bedrooms | 64 | 79 | +23.4% |
3 Bedrooms | 65 | 87 | +33.8% |
4 Bedrooms | 47 | 46 | -2.1% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The South Gessner housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 23.4%, 3 bedroom homes increased by 33.8%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 44 | +15.8% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in South Gessner in April 2024, up by 15.8% month-over-month. Of the 44 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% were sold over asking.
Days on Market for South Gessner, TX
How long does it take to sell a home in South Gessner, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 39 Days | +31.5% |
Summary: Homes in South Gessner had an average of 39 days on market in Apr 2024, up by 31.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 44 homes were sold in South Gessner; 64% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.