Is Friendswood, 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, Friendswood has remained a Seller's Market.
Housing Prices in Friendswood, TX
How much do homes in Friendswood, TX cost?
Median Sold Price
$420,733
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Friendswood was $420,733 in May 2024, up 1.6% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $160K | $175K | +9.4% |
2 Bedrooms | $149K | $245K | +64.4% |
3 Bedrooms | $285K | $298K | +4.6% |
4 Bedrooms | $485.5K | $500K | +3.0% |
5+ Bedrooms | $685K | $727.5K | +6.2% |
Summary: Friendswood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 64.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 6.2%.
Median Sold Price Compared To Nearby Cities
Webster | $238.2K | $250K | +4.9% |
League City | $360K | $369.4K | +2.6% |
Texas City-League City | $323.2K | $329.9K | +2.1% |
Friendswood | $414K | $420.7K | +1.6% |
Pearland | $369.9K | $364.8K | -1.4% |
Housing Supply in Friendswood, TX
How many homes are available in Friendswood, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
220 | 263 | +19.5% |
Summary: The Friendswood real estate market had 263 homes for sale in May 2024, a 19.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 56 | 72 | +28.6% |
4 Bedrooms | 114 | 120 | +5.3% |
5+ Bedrooms | 45 | 63 | +40.0% |
Summary: The Friendswood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
50 | 56 | +12.0% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 56 homes were sold or pending in Friendswood in May 2024, up by 12.0% month-over-month. Of the 56 sold homes, 63% were sold under asking, 21% were sold at asking, and 16% were sold over asking.
Days on Market for Friendswood, TX
How long does it take to sell a home in Friendswood, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 26 Days | -18.7% |
Summary: Homes in Friendswood had an average of 26 days on market in May 2024, down by 18.7% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 56 homes were sold in Friendswood; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.