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.
Key Takeaway
Baytown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Baytown, TX
How much do homes in Baytown, TX cost?
Median Sold Price
$274,974
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Baytown has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78.5K | $61.7K | -21.4% |
| 2 Bedrooms | $158K | $135K | -14.6% |
| 3 Bedrooms | $240K | $245K | +2.1% |
| 4 Bedrooms | $304K | $315K | +3.6% |
| 5+ Bedrooms | $365K | $365K | 0.0% |
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 14.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cove | $251.9K | $312.5K | +24.1% |
| Baytown | $265.1K | $274.1K | +3.4% |
| Mont Belvieu | $415K | $425K | +2.4% |
| Baytown | $275K | $274.9K | 0% |
| 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 |
|---|---|---|
| 590 | 622 | +5.4% |
Summary: The Baytown real estate market had 622 homes for sale in May 2024, a 5.4% 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 | 40 | 43 | +7.5% |
| 3 Bedrooms | 274 | 286 | +4.4% |
| 4 Bedrooms | 230 | 249 | +8.3% |
| 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 7.5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 131 | 119 | -9.2% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Baytown, you may be able to get a good deal. 59.7% of homes here sold below asking price last month.
Summary: A total of 119 homes were sold or pending in Baytown in May 2024, down by 9.2% month-over-month. Of the 119 sold homes, 60% were sold under asking, 26% were sold at asking, and 14% 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 | 43 Days | -17.6% |
Summary: Homes in Baytown had an average of 43 days on market in May 2024, down by 17.6% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
41 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Baytown are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 119 homes were sold in Baytown; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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