Is Woodland Heights, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Woodland Heights is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Woodland Heights has remained a Seller's Market.

Key Takeaway

Woodland Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Woodland Heights, TX

How much do homes in Woodland Heights, TX cost?

Median Sold Price

$753,000

$424/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$77,000(-9.3%)

Key Takeaway

Homes in Woodland Heights have sold for 9.3% less than they did a year ago.

Summary: The median home sold price in Woodland Heights was $753,000 in April 2024, down 9.3% from last year, and the median price per square foot was $424.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $163.5K$259K
+58.4%
2 $597K$555K
-7.0%
3 $822.5K$830.1K
+0.9%
4 $1.4M$1.5M
+5.0%
5+ $1.6M$1.8M
+13.3%

Summary: Woodland Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.4%, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 13.3%.

Median Sold Price Compared To Nearby Neighborhoods

Greater Heights / Houston Heights
+6.4%
Central Houston
+4.8%
Washington Avenue Coalition / Memorial Park
+4.2%
Near Northside
+3.1%
Woodland Heights
-9.3%

Housing Supply in Woodland Heights, TX

How many homes are available in Woodland Heights, TX?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5766+15.8%

Summary: The Woodland Heights real estate market had 66 homes for sale in April 2024, a 15.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 56
+20.0%
2 1725
+47.1%
3 1614
-12.5%
4 1517
+13.3%
5+ 44
0.0%

Summary: The Woodland Heights housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 47.1%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1014+40.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Woodland Heights, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Woodland Heights in April 2024, up by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 14% were sold at asking, and 36% were sold over asking.

Days on Market for Woodland Heights, TX

How long does it take to sell a home in Woodland Heights, TX?

Average Sale Time

Apr 2023Apr 2024CHANGE
71 Days15 Days-78.8%

Summary: Homes in Woodland Heights had an average of 15 days on market in Apr 2024, down by 78.8% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Woodland Heights are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 14 homes were sold in Woodland Heights; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 6 Days Ago

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