Is West University Place, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West University Place is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, West University Place has remained a Seller's Market.

Key Takeaway

West University Place is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in West University Place, TX cost?

Median Sold Price

$1,510,333

$431/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$235,141(+18.4%)

Key Takeaway

Homes in West University Place have sold for 18.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $993.9K-
N/A
2 $640.7K$775K
+21.0%
3 $885K$939.2K
+6.1%
4 $1.3M$1.6M
+20.4%
5+ $1.7M$2.0M
+13.8%

Median Sold Price Compared To Nearby Cities

West University Place
+18.4%
Houston
+7.0%

How many homes are available in West University Place, TX?

Number of Homes For Sale

Aug 2022Sep 2022%
7988+11.4%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 87
-12.5%
3 1215
+25.0%
4 4453
+20.5%
5+ 1513
-13.3%

Number of Homes Sold

Aug 2022Sep 2022%
2022+10.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West University Place, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
44 Days40 Days-10.0%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West University Place are selling fast, if you're buying plan to act quickly.

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

About West University Place, TX

West University Place, TX has 88 homes for sale to choose from. The number of listings in West University Place, TX increased by 11.4% between August 2022 and September 2022. Listings spent 40 days on the market in September 2022, and had a median list price of $1,510,333 during the same period. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 21%, prices of 3 bedrooms properties went up by 6.1%, 4 bedrooms properties prices increased by 20.4%, the cost of 5 bedrooms properties went up by 13.8%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes went down by 12.5%, number of 3 bedrooms homes increased by 25%, 4 bedrooms homes became 20.5% more available, 5 bedrooms homes inventory decreased by 13.3%. In September 2022, from all listings sold in West University Place, TX there were more than 5 sold above asking price, over 12 sold below and more than 5 were sold right at the asked price.

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