Is South Acres / Crestmont Park, 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, South Acres / Crestmont Park has remained a Seller's Market.
Key Takeaway
South Acres / Crestmont Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Acres / Crestmont Park, TX
How much do homes in South Acres / Crestmont Park, TX cost?
Median Sold Price
$225,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Acres / Crestmont Park have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in South Acres / Crestmont Park was $225,000 in May 2024, up 2.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $205.9K | +21.1% |
| 3 Bedrooms | $218.7K | $222K | +1.5% |
| 4 Bedrooms | $227K | $226.5K | -0.2% |
| 5+ Bedrooms | $254.3K | $229K | -10.0% |
Summary: South Acres / Crestmont Park 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 21.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Neighborhoods
| Sunnyside | $212K | $245.1K | +15.6% |
| Minnetex | $255K | $262.9K | +3.1% |
| South Acres / Crestmont Park | $220K | $225K | +2.3% |
| Southeast Houston | $226.8K | $228.5K | +0.7% |
| South Park | $180K | $170K | -5.6% |
Housing Supply in South Acres / Crestmont Park, TX
How many homes are available in South Acres / Crestmont Park, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 99 | 113 | +14.1% |
Summary: The South Acres / Crestmont Park real estate market had 113 homes for sale in May 2024, a 14.1% 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 | 1 | 0.0% |
| 3 Bedrooms | 69 | 80 | +15.9% |
| 4 Bedrooms | 28 | 30 | +7.1% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The South Acres / Crestmont Park 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 remained the same, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Acres / Crestmont Park, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in South Acres / Crestmont Park in May 2024, up by 8.7% month-over-month. Of the 24 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.
Days on Market for South Acres / Crestmont Park, TX
How long does it take to sell a home in South Acres / Crestmont Park, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 47 Days | +26.8% |
Summary: Homes in South Acres / Crestmont Park had an average of 47 days on market in May 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Acres / Crestmont Park are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in South Acres / Crestmont Park; 48% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.