Is South Houston, 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, South Houston has remained a Seller's Market.
Housing Prices in South Houston, TX
How much do homes in South Houston, TX cost?
Median Sold Price
$252,499
$161/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in South Houston was $252,499 in March 2024, up 48.5% from last month, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $130K | - | N/A |
3 Bedrooms | $187.5K | $252.4K | +34.7% |
4 Bedrooms | - | $235K | N/A |
5+ Bedrooms | - | - | N/A |
Summary: South Houston housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 34.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in South Houston, TX
How many homes are available in South Houston, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Summary: The South Houston real estate market had 14 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Houston housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in South Houston in March 2024, up by 100.0% month-over-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 South Houston, TX
How long does it take to sell a home in South Houston, TX?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 63 Days | +33.0% |
Summary: Homes in South Houston had an average of 63 days on market in Mar 2024, up by 33% 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
Summary: During March 2024, 6 homes were sold in South Houston; 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.