Is Houston Gardens, 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, Houston Gardens was a Seller's Market.
Housing Prices in Houston Gardens, TX
How much do homes in Houston Gardens, TX cost?
Median Sold Price
$222,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Houston Gardens was $222,000 in May 2024, up 4.7% 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 | - | $70K | N/A |
2 Bedrooms | $151.7K | $135K | -11.0% |
3 Bedrooms | $222K | $224.8K | +1.2% |
4 Bedrooms | $223K | $270K | +21.1% |
5+ Bedrooms | $499K | $220K | -55.9% |
Summary: Houston Gardens housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes decreased by 55.9%.
Median Sold Price Compared To Nearby Neighborhoods
Eastex - Jensen Area | $200K | $267.5K | +33.8% |
Northeast Houston | $211.6K | $222.1K | +4.9% |
Houston Gardens | $212K | $222K | +4.7% |
Settegast | $240K | $247.4K | +3.1% |
Kashmere Gardens | $182K | $165K | -9.3% |
Housing Supply in Houston Gardens, TX
How many homes are available in Houston Gardens, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 78 | +21.9% |
Summary: The Houston Gardens real estate market had 78 homes for sale in May 2024, a 21.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 17 | 16 | -5.9% |
3 Bedrooms | 32 | 46 | +43.8% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Houston Gardens 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 decreased by 5.9%, 3 bedroom homes increased by 43.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Houston Gardens in May 2024, up by 50.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for Houston Gardens, TX
How long does it take to sell a home in Houston Gardens, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
55 Days | 36 Days | -35.5% |
Summary: Homes in Houston Gardens had an average of 36 days on market in May 2024, down by 35.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Houston Gardens; 58% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.