Is Willis, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Willis was a Seller's Market.
Housing Prices in Willis, TX
How much do homes in Willis, TX cost?
Median Sold Price
$311,532
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Willis was $311,532 in March 2024, up 15.4% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $220K | +83.3% |
2 Bedrooms | $149.4K | $216.2K | +44.7% |
3 Bedrooms | $248.9K | $268.1K | +7.7% |
4 Bedrooms | $359.4K | $403.2K | +12.2% |
5+ Bedrooms | $647.1K | $704.4K | +8.9% |
Summary: Willis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 44.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 8.9%.
Housing Supply in Willis, TX
How many homes are available in Willis, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
313 | 380 | +21.4% |
Summary: The Willis real estate market had 380 homes for sale in March 2024, a 21.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 16 | 20 | +25.0% |
3 Bedrooms | 160 | 206 | +28.7% |
4 Bedrooms | 115 | 123 | +7.0% |
5+ Bedrooms | 19 | 28 | +47.4% |
Summary: The Willis 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 25%, 3 bedroom homes increased by 28.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 47.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 41 | +17.1% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 41 homes were sold or pending in Willis in March 2024, up by 17.1% month-over-month. Of the 41 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Willis, TX
How long does it take to sell a home in Willis, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 67 Days | -18.3% |
Summary: Homes in Willis had an average of 67 days on market in Mar 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 41 homes were sold in Willis; 37% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.