Is Westside, 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, Westside has remained a Seller's Market.
Key Takeaway
Westside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Westside, TX
How much do homes in Westside, TX cost?
Median Sold Price
$329,480
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westside have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Westside was $329,480 in April 2024, up 4.6% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $105K | +10.5% |
| 2 Bedrooms | $155.8K | $165K | +5.9% |
| 3 Bedrooms | $292.6K | $293.6K | 0.3% |
| 4 Bedrooms | $494.9K | $582.6K | +17.7% |
| 5+ Bedrooms | $868.1K | $1.1M | +27.3% |
Summary: Westside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 27.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Westchase | $165K | $195K | +18.2% |
| Royal Oaks Country Club | $855K | $989K | +15.7% |
| Lakes of Parkway | $810K | $888K | +9.6% |
| Westside | $314.8K | $329.4K | +4.6% |
Housing Supply in Westside, TX
How many homes are available in Westside, TX?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 903 | 1,031 | +14.2% |
Summary: The Westside real estate market had 1,031 homes for sale in April 2024, a 14.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 51 | 54 | +5.9% |
| 2 Bedrooms | 164 | 204 | +24.4% |
| 3 Bedrooms | 357 | 376 | +5.3% |
| 4 Bedrooms | 255 | 305 | +19.6% |
| 5+ Bedrooms | 76 | 92 | +21.1% |
Summary: The Westside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 24.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 21.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 208 | 246 | +18.3% |
Asking Price vs. Sold Price
145 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
64 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westside, you may be able to get a good deal. 58.9% of homes here sold below asking price last month.
Summary: A total of 246 homes were sold or pending in Westside in April 2024, up by 18.3% month-over-month. Of the 246 sold homes, 59% were sold under asking, 15% were sold at asking, and 26% were sold over asking.
Days on Market for Westside, TX
How long does it take to sell a home in Westside, TX?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 29 Days | -10.6% |
Summary: Homes in Westside had an average of 29 days on market in Apr 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
174 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westside are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 246 homes were sold in Westside; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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