Is Teravista, 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, Teravista has remained a Seller's Market.
Housing Prices in Teravista, TX
How much do homes in Teravista, TX cost?
Median Sold Price
$500,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Teravista was $500,000 in April 2024, down 6.5% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $425K | - | N/A |
3 Bedrooms | $475K | $415K | -12.6% |
4 Bedrooms | $540K | $527.5K | -2.3% |
5+ Bedrooms | $725K | $605K | -16.6% |
Summary: Teravista housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12.6%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 16.6%.
Housing Supply in Teravista, TX
How many homes are available in Teravista, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 56 | +27.3% |
Summary: The Teravista real estate market had 56 homes for sale in April 2024, a 27.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 17 | 21 | +23.5% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Teravista housing inventory by bedroom type for April 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 23.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 12 | +71.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Teravista in April 2024, up by 71.4% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Teravista, TX
How long does it take to sell a home in Teravista, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 65 Days | +27.9% |
Summary: Homes in Teravista had an average of 65 days on market in Apr 2024, up by 27.9% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 12 homes were sold in Teravista; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.