Is West, 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, West has remained a Seller's Market.
Housing Prices in West, TX
How much do homes in West, TX cost?
Median Sold Price
$2,496,250
$556/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West was $2,496,250 in April 2024, down 10.8% from last year, and the median price per square foot was $556.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $755K | $1.1M | +53.6% |
3 Bedrooms | $1.3M | $1.5M | +14.4% |
4 Bedrooms | $2.8M | $2.4M | -12.1% |
5+ Bedrooms | $3.7M | $3.3M | -11.8% |
Summary: West 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 increased by 53.6%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 11.8%.
Housing Supply in West, TX
How many homes are available in West, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 39 | +25.8% |
Summary: The West real estate market had 39 homes for sale in April 2024, a 25.8% 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 | 3 | 5 | +66.7% |
4 Bedrooms | 14 | 17 | +21.4% |
5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The West 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 increased by 66.7%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 8 | +300.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in West in April 2024, up by 300.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for West, TX
How long does it take to sell a home in West, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 71 Days | +77.9% |
Summary: Homes in West had an average of 71 days on market in Apr 2024, up by 77.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in West; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.