Is Stone Oak, 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, Stone Oak has remained a Seller's Market.
Housing Prices in Stone Oak, TX
How much do homes in Stone Oak, TX cost?
Median Sold Price
$450,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Stone Oak was $450,000 in April 2024, down 1.1% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $370K | $330.7K | -10.6% |
3 Bedrooms | $390K | $396.5K | +1.7% |
4 Bedrooms | $460K | $464.5K | +1.0% |
5+ Bedrooms | $580K | $564.9K | -2.6% |
Summary: Stone Oak 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 10.6%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Neighborhoods
Summit | $356K | $399K | +12.1% |
Stone Oak | $455K | $450K | -1.1% |
Housing Supply in Stone Oak, TX
How many homes are available in Stone Oak, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
167 | 179 | +7.2% |
Summary: The Stone Oak real estate market had 179 homes for sale in April 2024, a 7.2% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 53 | 57 | +7.5% |
4 Bedrooms | 87 | 94 | +8.0% |
5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Stone Oak 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 7.5%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
42 | 40 | -4.8% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Stone Oak in April 2024, down by 4.8% month-over-month. Of the 40 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% were sold over asking.
Days on Market for Stone Oak, TX
How long does it take to sell a home in Stone Oak, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 65 Days | +49.8% |
Summary: Homes in Stone Oak had an average of 65 days on market in Apr 2024, up by 49.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 40 homes were sold in Stone Oak; 43% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.