Is Northwest Bell, 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, Northwest Bell was a Seller's Market.
Housing Prices in Northwest Bell, TX
How much do homes in Northwest Bell, TX cost?
Median Sold Price
$395,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northwest Bell was $395,000 in May 2024, up 16.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $154.9K | N/A |
2 Bedrooms | $285K | $318K | +11.6% |
3 Bedrooms | $309K | $348K | +12.7% |
4 Bedrooms | $468K | $447.5K | -4.4% |
5+ Bedrooms | $452K | $665K | +47.1% |
Summary: Northwest Bell 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 increased by 11.6%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 47.1%.
Median Sold Price Compared To Nearby Cities
Northwest Bell | $339.9K | $395K | +16.2% |
Temple | $285K | $295K | +3.5% |
Housing Supply in Northwest Bell, TX
How many homes are available in Northwest Bell, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
51 | 65 | +27.5% |
Summary: The Northwest Bell real estate market had 65 homes for sale in May 2024, a 27.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 33 | 36 | +9.1% |
5+ Bedrooms | 3 | 10 | +233.3% |
Summary: The Northwest Bell 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 100%, 3 bedroom homes increased by 23.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 233.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 10 | +233.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Northwest Bell in May 2024, up by 233.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Northwest Bell, TX
How long does it take to sell a home in Northwest Bell, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
83 Days | 47 Days | -42.9% |
Summary: Homes in Northwest Bell had an average of 47 days on market in May 2024, down by 42.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Northwest Bell; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.