Is Tanglewood, 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, Tanglewood has remained a Seller's Market.
Housing Prices in Tanglewood, TX
How much do homes in Tanglewood, TX cost?
Median Sold Price
$2,360,000
$420/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tanglewood was $2,360,000 in April 2024, down 6.1% from last year, and the median price per square foot was $420.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.3M | $1.5M | +13.3% |
4 Bedrooms | $2.1M | $2.3M | +7.8% |
5+ Bedrooms | $2.8M | $2.7M | -1.8% |
Summary: Tanglewood 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 did not change, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
Close-In Memorial | $215K | $290K | +34.9% |
Midwest | $292.2K | $304.4K | +4.2% |
Greater Uptown | $364K | $347.9K | -4.4% |
Tanglewood | $2.5M | $2.3M | -6.1% |
Housing Supply in Tanglewood, TX
How many homes are available in Tanglewood, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Summary: The Tanglewood real estate market had 26 homes for sale in April 2024, a 8.3% 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 | 4 | 3 | -25.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Tanglewood 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 5 | -28.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Tanglewood in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Tanglewood, TX
How long does it take to sell a home in Tanglewood, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 55 Days | +25.7% |
Summary: Homes in Tanglewood had an average of 55 days on market in Apr 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Tanglewood; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.