Is Southwest Bell, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Southwest Bell has remained a Seller's Market.
Housing Prices in Southwest Bell, TX
How much do homes in Southwest Bell, TX cost?
Median Sold Price
$300,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southwest Bell was $300,000 in April 2024, down 1.6% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $365K | $346K | -5.2% |
3 Bedrooms | $267.5K | $287.5K | +7.5% |
4 Bedrooms | $344K | $332K | -3.5% |
5+ Bedrooms | $644.5K | $1.1M | +71.7% |
Summary: Southwest Bell 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 5.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 71.7%.
Median Sold Price Compared To Nearby Cities
Copperas Cove | $225K | $251.2K | +11.7% |
Killeen | $228.7K | $235K | +2.8% |
Southwest Bell | $304.9K | $300K | -1.6% |
South Bell | $552.7K | $541K | -2.1% |
Housing Supply in Southwest Bell, TX
How many homes are available in Southwest Bell, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
19 | 21 | +10.5% |
Summary: The Southwest Bell real estate market had 21 homes for sale in April 2024, a 10.5% 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 | 0 | 0 | 0.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Southwest Bell 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 decreased by 12.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 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 Southwest Bell in April 2024, up by 66.7% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Southwest Bell, TX
How long does it take to sell a home in Southwest Bell, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 197 Days | +520.8% |
Summary: Homes in Southwest Bell had an average of 197 days on market in Apr 2024, up by 520.8% compared to last year.
Breakdown of Home Sale Times
2 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, 5 homes were sold in Southwest Bell; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.