Is Oak Park - Northwood, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oak Park - Northwood has remained a Seller's Market.
Housing Prices in Oak Park - Northwood, TX
How much do homes in Oak Park - Northwood, TX cost?
Median Sold Price
$465,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oak Park - Northwood was $465,000 in April 2024, up 2.5% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139K | $145.2K | +4.5% |
2 Bedrooms | $211K | $264.2K | +25.2% |
3 Bedrooms | $475K | $485K | +2.1% |
4 Bedrooms | $682.5K | $655K | -4.0% |
5+ Bedrooms | $870.7K | $776K | -10.9% |
Summary: Oak Park - Northwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 25.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Neighborhoods
Northridge Park | $485K | $556K | +14.6% |
Oak Park - Northwood | $453.7K | $465K | +2.5% |
Housing Supply in Oak Park - Northwood, TX
How many homes are available in Oak Park - Northwood, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 119 | +9.2% |
Summary: The Oak Park - Northwood real estate market had 119 homes for sale in April 2024, a 9.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 14 | +75.0% |
2 Bedrooms | 21 | 21 | 0.0% |
3 Bedrooms | 45 | 48 | +6.7% |
4 Bedrooms | 29 | 31 | +6.9% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Oak Park - Northwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 25 | +56.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Oak Park - Northwood in April 2024, up by 56.3% month-over-month. Of the 25 sold homes, 64% were sold under asking, 24% were sold at asking, and 12% were sold over asking.
Days on Market for Oak Park - Northwood, TX
How long does it take to sell a home in Oak Park - Northwood, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 64 Days | +67.0% |
Summary: Homes in Oak Park - Northwood had an average of 64 days on market in Apr 2024, up by 67% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Oak Park - Northwood; 44% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.