Is Southeast, 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, Southeast was a Seller's Market.
Housing Prices in Southeast, TX
How much do homes in Southeast, TX cost?
Median Sold Price
$361,600
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southeast was $361,600 in April 2024, down 14.9% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $177.2K | -19.4% |
2 Bedrooms | $380K | $315K | -17.1% |
3 Bedrooms | $444.5K | $375K | -15.6% |
4 Bedrooms | $449K | $397.3K | -11.5% |
5+ Bedrooms | $520K | $603.3K | +16.0% |
Summary: Southeast housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes decreased by 17.1%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Neighborhoods
Southeast | $425K | $361.6K | -14.9% |
Parker Lane | $478K | $315K | -34.1% |
Housing Supply in Southeast, TX
How many homes are available in Southeast, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
177 | 203 | +14.7% |
Summary: The Southeast real estate market had 203 homes for sale in April 2024, a 14.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 17 | 23 | +35.3% |
2 Bedrooms | 35 | 44 | +25.7% |
3 Bedrooms | 89 | 94 | +5.6% |
4 Bedrooms | 35 | 40 | +14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Southeast housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.3%, 2 bedroom homes increased by 25.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 26 | -13.3% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Southeast in April 2024, down by 13.3% month-over-month. Of the 26 sold homes, 81% were sold under asking, 12% were sold at asking, and 8% were sold over asking.
Days on Market for Southeast, TX
How long does it take to sell a home in Southeast, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
52 Days | 59 Days | +14.8% |
Summary: Homes in Southeast had an average of 59 days on market in Apr 2024, up by 14.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in Southeast; 46% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.