Is South Park, 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 Park was a Seller's Market.
Housing Prices in South Park, TX
How much do homes in South Park, TX cost?
Median Sold Price
$175,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Park was $175,000 in April 2024, down 2.5% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $125K | N/A |
2 Bedrooms | $109K | $115.5K | +6.0% |
3 Bedrooms | $175K | $163.5K | -6.6% |
4 Bedrooms | $200K | $215K | +7.5% |
5+ Bedrooms | $209.9K | $525K | +150.0% |
Summary: South Park 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 increased by 6%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 150%.
Median Sold Price Compared To Nearby Neighborhoods
Sunnyside | $209K | $250K | +19.6% |
Southeast Houston | $215.6K | $229.9K | +6.6% |
Greater OST / South Union | $250K | $250K | 0.0% |
South Park | $179.4K | $175K | -2.5% |
Southcrest | $183.5K | $167.5K | -8.7% |
Housing Supply in South Park, TX
How many homes are available in South Park, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
101 | 114 | +12.9% |
Summary: The South Park real estate market had 114 homes for sale in April 2024, a 12.9% 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 | 7 | 7 | 0.0% |
3 Bedrooms | 63 | 69 | +9.5% |
4 Bedrooms | 28 | 35 | +25.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The South Park 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 remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in South Park in April 2024, down by 11.1% month-over-month. Of the 16 sold homes, 44% were sold under asking, 44% were sold at asking, and 13% were sold over asking.
Days on Market for South Park, TX
How long does it take to sell a home in South Park, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 34 Days | -46.0% |
Summary: Homes in South Park had an average of 34 days on market in Apr 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in South Park; 75% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.