Is Eldridge / West Oaks, 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, Eldridge / West Oaks has remained a Seller's Market.
Housing Prices in Eldridge / West Oaks, TX
How much do homes in Eldridge / West Oaks, TX cost?
Median Sold Price
$345,500
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Eldridge / West Oaks was $345,500 in May 2024, up 3% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $133K | $153.5K | +15.4% |
2 Bedrooms | $195K | $193.4K | -0.8% |
3 Bedrooms | $316K | $320K | +1.3% |
4 Bedrooms | $380K | $416.5K | +9.6% |
5+ Bedrooms | $808K | $965K | +19.4% |
Summary: Eldridge / West Oaks housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.4%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Neighborhoods
Lakes of Parkway | $842.5K | $901.5K | +7.0% |
Eldridge / West Oaks | $335.5K | $345.5K | +3.0% |
Housing Supply in Eldridge / West Oaks, TX
How many homes are available in Eldridge / West Oaks, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
171 | 193 | +12.9% |
Summary: The Eldridge / West Oaks real estate market had 193 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 24 | 35 | +45.8% |
3 Bedrooms | 79 | 76 | -3.8% |
4 Bedrooms | 52 | 63 | +21.2% |
5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Eldridge / West Oaks housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 45.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 36 | -14.3% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Eldridge / West Oaks in May 2024, down by 14.3% month-over-month. Of the 36 sold homes, 67% were sold under asking, 14% were sold at asking, and 19% were sold over asking.
Days on Market for Eldridge / West Oaks, TX
How long does it take to sell a home in Eldridge / West Oaks, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 41 Days | +22.5% |
Summary: Homes in Eldridge / West Oaks had an average of 41 days on market in May 2024, up by 22.5% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 36 homes were sold in Eldridge / West Oaks; 64% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.