Is Southeast Harris, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southeast Harris is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Southeast Harris has remained a Seller's Market.

Key Takeaway

Southeast Harris is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Southeast Harris, TX

How much do homes in Southeast Harris, TX cost?

Median Sold Price

$299,991

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$19,989(+7.1%)

Key Takeaway

Homes in Southeast Harris have sold for 7.1% more than they did a year ago.

Summary: The median home sold price in Southeast Harris was $299,991 in May 2024, up 7.1% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $100K$93.7K
-6.3%
2 $175.2K$200K
+14.1%
3 $259.8K$268.6K
+3.4%
4 $338.5K$364.6K
+7.7%
5+ $406.5K$395K
-2.8%

Summary: Southeast Harris housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 2.8%.

Median Sold Price Compared To Nearby Cities

Shoreacres
+18.5%
La Porte
+8.8%
Taylor Lake Village
+8.4%
Southeast Harris
+7.1%
El Lago
+1.4%

Housing Supply in Southeast Harris, TX

How many homes are available in Southeast Harris, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
490564+15.1%

Summary: The Southeast Harris real estate market had 564 homes for sale in May 2024, a 15.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1012
+20.0%
2 4752
+10.6%
3 218242
+11.0%
4 167205
+22.8%
5+ 4853
+10.4%

Summary: The Southeast Harris housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 10.6%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 10.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
9599+4.2%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southeast Harris, you may be able to get a good deal. 50.5% of homes here sold below asking price last month.

Summary: A total of 99 homes were sold or pending in Southeast Harris in May 2024, up by 4.2% month-over-month. Of the 99 sold homes, 51% were sold under asking, 32% were sold at asking, and 17% were sold over asking.

Days on Market for Southeast Harris, TX

How long does it take to sell a home in Southeast Harris, TX?

Average Sale Time

May 2023May 2024CHANGE
49 Days39 Days-18.8%

Summary: Homes in Southeast Harris had an average of 39 days on market in May 2024, down by 18.8% compared to last year.

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southeast Harris are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 99 homes were sold in Southeast Harris; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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