Is South Main, 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 Main was a Seller's Market.
Housing Prices in South Main, TX
How much do homes in South Main, TX cost?
Median Sold Price
$295,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Main was $295,000 in April 2024, up 126.9% 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 | $55K | $65.9K | +19.9% |
2 Bedrooms | $77K | $73K | -5.2% |
3 Bedrooms | $315K | $339.5K | +7.8% |
4 Bedrooms | $376.2K | $423.5K | +12.6% |
5+ Bedrooms | - | - | N/A |
Summary: South Main housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.9%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
South Main | $130K | $295K | +126.9% |
Southwest | $269.7K | $277.8K | +3.0% |
Braeswood | $540K | $552.6K | +2.3% |
Astrodome Area | $154.2K | $152.5K | -1.1% |
Willow Meadows / Willowbend Area | $360K | $350K | -2.8% |
Housing Supply in South Main, TX
How many homes are available in South Main, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
39 | 53 | +35.9% |
Summary: The South Main real estate market had 53 homes for sale in April 2024, a 35.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 14 | 20 | +42.9% |
3 Bedrooms | 21 | 28 | +33.3% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Main housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 6 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in South Main in April 2024, the same as the previous month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Main, TX
How long does it take to sell a home in South Main, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 67 Days | -18.9% |
Summary: Homes in South Main had an average of 67 days on market in Apr 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in South Main; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.