Is Western Oaks, 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, Western Oaks has remained a Seller's Market.
Housing Prices in Western Oaks, TX
How much do homes in Western Oaks, TX cost?
Median Sold Price
$609,000
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Western Oaks was $609,000 in April 2024, down 8.2% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $429K | $398K | -7.2% |
3 Bedrooms | $616.2K | $578.5K | -6.1% |
4 Bedrooms | $720.5K | $700K | -2.8% |
5+ Bedrooms | $725K | $757.7K | +4.5% |
Summary: Western Oaks 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 7.2%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Neighborhoods
Legend Oaks | $685K | $640K | -6.6% |
Village at Western Oaks | $650K | $600K | -7.7% |
Western Oaks | $663.5K | $609K | -8.2% |
Housing Supply in Western Oaks, TX
How many homes are available in Western Oaks, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 41 | +13.9% |
Summary: The Western Oaks real estate market had 41 homes for sale in April 2024, a 13.9% 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 | 4 | +100.0% |
3 Bedrooms | 19 | 19 | 0.0% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Western Oaks 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 11 | +22.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Western Oaks in April 2024, up by 22.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% were sold over asking.
Days on Market for Western Oaks, TX
How long does it take to sell a home in Western Oaks, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 31 Days | -41.5% |
Summary: Homes in Western Oaks had an average of 31 days on market in Apr 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
8 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, 11 homes were sold in Western Oaks; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.