Is Colmesneil-Chester, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Colmesneil-Chester was a Buyer's Market.
Key Takeaway
Colmesneil-Chester 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 Colmesneil-Chester, TX
How much do homes in Colmesneil-Chester, TX cost?
Median Sold Price
$238,750
$177/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Colmesneil-Chester have sold for 16.5% less than they did a month ago.
Summary: The median home sold price in Colmesneil-Chester was $238,750 in May 2024, down 16.5% from last month, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $286K | $238.7K | -16.5% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Colmesneil-Chester housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 16.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Colmesneil-Chester, TX
How many homes are available in Colmesneil-Chester, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Colmesneil-Chester real estate market had 14 homes for sale in May 2024, a 6.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Colmesneil-Chester 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colmesneil-Chester, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Colmesneil-Chester in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Colmesneil-Chester, TX
How long does it take to sell a home in Colmesneil-Chester, TX?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 252 Days | 127 Days | -49.6% |
Summary: Homes in Colmesneil-Chester had an average of 127 days on market in May 2024, down by 49.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Colmesneil-Chester has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Colmesneil-Chester; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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