Is Stone Oak, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stone Oak is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Stone Oak has remained a Seller's Market.

Key Takeaway

Stone Oak is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$5,000(-1.1%)

Key Takeaway

Homes in Stone Oak have sold for 1.1% less than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $370K$330.7K
-10.6%
3 $390K$396.5K
+1.7%
4 $460K$464.5K
+1.0%
5+ $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
+12.1%
Stone Oak
-1.1%

Housing Supply in Stone Oak, TX

How many homes are available in Stone Oak, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
167179+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 5357
+7.5%
4 8794
+8.0%
5+ 2627
+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 2024Apr 2024CHANGE
4240-4.8%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stone Oak, you may be able to get a good deal. 65% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
43 Days65 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Stone Oak are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Stone Oak, TX

Nearby Markets to Stone Oak, TX