Is Towne Lake, 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, Towne Lake has remained a Seller's Market.
Housing Prices in Towne Lake, TX
How much do homes in Towne Lake, TX cost?
Median Sold Price
$589,500
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Towne Lake was $589,500 in April 2024, down 5.7% 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 | $360K | $355K | -1.4% |
3 Bedrooms | $494.5K | $472K | -4.6% |
4 Bedrooms | $617.7K | $611.5K | -1.0% |
5+ Bedrooms | $872.8K | $880K | +0.8% |
Summary: Towne Lake 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 1.4%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
Cypress Creek Lakes | $565K | $589.5K | +4.3% |
Cypress | $370K | $375.3K | +1.4% |
Towne Lake | $625K | $589.5K | -5.7% |
Housing Supply in Towne Lake, TX
How many homes are available in Towne Lake, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 76 | +28.8% |
Summary: The Towne Lake real estate market had 76 homes for sale in April 2024, a 28.8% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 24 | 21 | -12.5% |
4 Bedrooms | 24 | 37 | +54.2% |
5+ Bedrooms | 9 | 15 | +66.7% |
Summary: The Towne Lake 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 increased by 50%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 54.2%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 16 | +77.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Towne Lake in April 2024, up by 77.8% month-over-month. Of the 16 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Towne Lake, TX
How long does it take to sell a home in Towne Lake, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 34 Days | -11.5% |
Summary: Homes in Towne Lake had an average of 34 days on market in Apr 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Towne Lake; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.