Is College Station, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing College Station is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, College Station was a Seller's Market.

Key Takeaway

College Station is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in College Station, TX

How much do homes in College Station, TX cost?

Median Sold Price

$344,246

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,046(+5.2%)

Key Takeaway

Homes in College Station have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in College Station was $344,246 in May 2024, up 5.2% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $170.7K$139.4K
-18.4%
2 $150K$220K
+46.7%
3 $298.2K$295K
-1.1%
4 $467.5K$440K
-5.9%
5+ $476.7K$692.5K
+45.3%

Summary: College Station housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.4%, 2 bedroom homes increased by 46.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 45.3%.

Median Sold Price Compared To Nearby Cities

South Brazos
+5.6%
College Station
+5.2%
Bryan
+1.4%
West Brazos
+0.9%

Housing Supply in College Station, TX

How many homes are available in College Station, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
162185+14.2%

Summary: The College Station real estate market had 185 homes for sale in May 2024, a 14.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1013
+30.0%
3 4654
+17.4%
4 8998
+10.1%
5+ 1720
+17.6%

Summary: The College Station housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 17.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2930+3.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in College Station, you may be able to get a good deal. 70% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in College Station in May 2024, up by 3.4% month-over-month. Of the 30 sold homes, 70% were sold under asking, 13% were sold at asking, and 17% were sold over asking.

Days on Market for College Station, TX

How long does it take to sell a home in College Station, TX?

Average Sale Time

May 2023May 2024CHANGE
58 Days26 Days-55.8%

Summary: Homes in College Station had an average of 26 days on market in May 2024, down by 55.8% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 30 homes were sold in College Station; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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 1 Day Ago

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