Is Weston Lakes, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Weston Lakes has remained a Seller's Market.
Housing Prices in Weston Lakes, TX
How much do homes in Weston Lakes, TX cost?
Median Sold Price
$643,500
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Weston Lakes was $643,500 in March 2024, down 2.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $395K | $365K | -7.6% |
3 Bedrooms | $513.7K | $540K | +5.1% |
4 Bedrooms | $675K | $650K | -3.7% |
5+ Bedrooms | $924K | $735K | -20.5% |
Summary: Weston Lakes housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 20.5%.
Median Sold Price Compared To Nearby Cities
Fulshear-Simonton | $489.3K | $485.7K | -0.7% |
Weston Lakes | $660K | $643.5K | -2.5% |
Housing Supply in Weston Lakes, TX
How many homes are available in Weston Lakes, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 48 | +2.1% |
Summary: The Weston Lakes real estate market had 48 homes for sale in March 2024, a 2.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 24 | 26 | +8.3% |
5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Weston Lakes housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Weston Lakes in March 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Weston Lakes, TX
How long does it take to sell a home in Weston Lakes, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
61 Days | 70 Days | +14.9% |
Summary: Homes in Weston Lakes had an average of 70 days on market in Mar 2024, up by 14.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Weston Lakes; 44% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.