Is Freeport, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Freeport was a Neutral Market.
Key Takeaway
Freeport is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Freeport, TX
How much do homes in Freeport, TX cost?
Median Sold Price
$295,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Freeport have sold for 25.5% more than they did a year ago.
Summary: The median home sold price in Freeport was $295,000 in May 2024, up 25.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $217.8K | $175K | -19.7% |
| 2 Bedrooms | $290K | $230K | -20.7% |
| 3 Bedrooms | $200K | $299.9K | +50.0% |
| 4 Bedrooms | $238.2K | $445K | +86.8% |
| 5+ Bedrooms | $150K | $700K | +366.7% |
Summary: Freeport housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.7%, 2 bedroom homes decreased by 20.7%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 86.8%, and 5+ bedroom homes increased by 366.7%.
Median Sold Price Compared To Nearby Cities
| Freeport | $235K | $295K | +25.5% |
| Brazosport | $275K | $258.2K | -6.1% |
| Lake Jackson | $275K | $256.3K | -6.8% |
Housing Supply in Freeport, TX
How many homes are available in Freeport, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 250 | 275 | +10.0% |
Summary: The Freeport real estate market had 275 homes for sale in May 2024, a 10.0% increase 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 | 42 | 44 | +4.8% |
| 3 Bedrooms | 139 | 151 | +8.6% |
| 4 Bedrooms | 50 | 57 | +14.0% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Freeport 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 4.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 22 | +37.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Freeport, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Freeport in May 2024, up by 37.5% month-over-month. Of the 22 sold homes, 73% were sold under asking, 23% were sold at asking, and 5% were sold over asking.
Days on Market for Freeport, TX
How long does it take to sell a home in Freeport, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 90 Days | 84 Days | -7.0% |
Summary: Homes in Freeport had an average of 84 days on market in May 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Freeport has remained consistent over time.
Summary: During May 2024, 22 homes were sold in Freeport; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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