Is Jersey Village, 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, Jersey Village was a Seller's Market.
Housing Prices in Jersey Village, TX
How much do homes in Jersey Village, TX cost?
Median Sold Price
$400,000
$160/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Summary: The median home sold price in Jersey Village was $400,000 in May 2024, the same as last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $345.1K | $295K | -14.5% |
3 Bedrooms | $347.4K | $383.5K | +10.4% |
4 Bedrooms | $402.7K | $418K | +3.8% |
5+ Bedrooms | $749K | $486K | -35.1% |
Summary: Jersey Village 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 14.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 35.1%.
Median Sold Price Compared To Nearby Cities
Jersey Village | $400K | $400K | 0.0% |
Houston | $317.1K | $315.2K | -0.6% |
Housing Supply in Jersey Village, TX
How many homes are available in Jersey Village, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 26 | +18.2% |
Summary: The Jersey Village real estate market had 26 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 6 | 4 | -33.3% |
4 Bedrooms | 11 | 16 | +45.5% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Jersey Village 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 decreased by 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 4 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Jersey Village in May 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Jersey Village, TX
How long does it take to sell a home in Jersey Village, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 49 Days | +729.2% |
Summary: Homes in Jersey Village had an average of 49 days on market in May 2024, up by 729.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Jersey Village; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.