Is Southcrest, 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, Southcrest was a Seller's Market.
Housing Prices in Southcrest, TX
How much do homes in Southcrest, TX cost?
Median Sold Price
$167,500
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southcrest was $167,500 in April 2024, down 8.7% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $125K | N/A |
2 Bedrooms | $125.7K | $127.4K | +1.4% |
3 Bedrooms | $175K | $158K | -9.7% |
4 Bedrooms | $210K | $215K | +2.4% |
5+ Bedrooms | $199.9K | $550K | +175.0% |
Summary: Southcrest 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 1.4%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 175%.
Median Sold Price Compared To Nearby Neighborhoods
Southeast Houston | $215.6K | $229.9K | +6.6% |
Golfcrest / Bellfort / Reveille | $217K | $230K | +6.0% |
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 Southcrest, TX
How many homes are available in Southcrest, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 38 | +18.8% |
Summary: The Southcrest real estate market had 38 homes for sale in April 2024, a 18.8% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Southcrest 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 16.7%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Southcrest in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Southcrest, TX
How long does it take to sell a home in Southcrest, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 7 Days | -85.6% |
Summary: Homes in Southcrest had an average of 7 days on market in Apr 2024, down by 85.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Southcrest; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.