Is Baytown, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Baytown has remained a Seller's Market.
Housing Prices in Baytown, TX
How much do homes in Baytown, TX cost?
Median Sold Price
$274,109
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Baytown was $274,109 in May 2024, up 3.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $78.5K | $61.7K | -21.4% |
2 Bedrooms | $155K | $135K | -12.9% |
3 Bedrooms | $235K | $243.5K | +3.7% |
4 Bedrooms | $300K | $310K | +3.3% |
5+ Bedrooms | $342.5K | $360K | +5.1% |
Summary: Baytown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.4%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Baytown | $265.1K | $274.1K | +3.4% |
Mont Belvieu | $415K | $425K | +2.4% |
Baytown | $275K | $274.9K | 0% |
Highlands | $235K | $231.6K | -1.4% |
Beach City | $567.5K | $453K | -20.2% |
Housing Supply in Baytown, TX
How many homes are available in Baytown, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
566 | 598 | +5.7% |
Summary: The Baytown real estate market had 598 homes for sale in May 2024, a 5.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 37 | 40 | +8.1% |
3 Bedrooms | 265 | 276 | +4.2% |
4 Bedrooms | 218 | 238 | +9.2% |
5+ Bedrooms | 41 | 41 | 0.0% |
Summary: The Baytown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
126 | 114 | -9.5% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 114 homes were sold or pending in Baytown in May 2024, down by 9.5% month-over-month. Of the 114 sold homes, 61% were sold under asking, 25% were sold at asking, and 15% were sold over asking.
Days on Market for Baytown, TX
How long does it take to sell a home in Baytown, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 44 Days | -16.6% |
Summary: Homes in Baytown had an average of 44 days on market in May 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During May 2024, 114 homes were sold in Baytown; 52% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.