Is South Southwest, 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 Southwest was a Neutral Market.
Housing Prices in South Southwest, TX
How much do homes in South Southwest, TX cost?
Median Sold Price
$249,990
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Southwest was $249,990 in April 2024, up 9.6% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $149.2K | $127.5K | -14.6% |
3 Bedrooms | $211.7K | $235K | +11.0% |
4 Bedrooms | $318K | $270.9K | -14.8% |
5+ Bedrooms | $220K | $279.9K | +27.2% |
Summary: South Southwest 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 decreased by 14.6%, 3 bedroom homes increased by 11%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 27.2%.
Housing Supply in South Southwest, TX
How many homes are available in South Southwest, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 72 | -2.7% |
Summary: The South Southwest real estate market had 72 homes for sale in April 2024, a 2.7% decrease 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 | 1 | 2 | +100.0% |
3 Bedrooms | 35 | 34 | -2.9% |
4 Bedrooms | 35 | 32 | -8.6% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The South Southwest 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 increased by 100%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 6 | -68.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in South Southwest in April 2024, down by 68.4% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for South Southwest, TX
How long does it take to sell a home in South Southwest, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
107 Days | 90 Days | -16.3% |
Summary: Homes in South Southwest had an average of 90 days on market in Apr 2024, down by 16.3% compared to last year.
Breakdown of Home Sale Times
2 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, 6 homes were sold in South Southwest; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.