Is Waxahachie, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Waxahachie has remained a Seller's Market.
Key Takeaway
Waxahachie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Waxahachie, TX
How much do homes in Waxahachie, TX cost?
Median Sold Price
$615,000
$233/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Waxahachie have sold for 98.4% more than they did a month ago.
Summary: The median home sold price in Waxahachie was $615,000 in May 2024, up 98.4% from last month, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $310K | $615K | +98.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Waxahachie housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 98.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Waxahachie, TX
How many homes are available in Waxahachie, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 384 | 425 | +10.7% |
Summary: The Waxahachie real estate market had 425 homes for sale in May 2024, a 10.7% 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 | 12 | 14 | +16.7% |
| 3 Bedrooms | 162 | 181 | +11.7% |
| 4 Bedrooms | 168 | 189 | +12.5% |
| 5+ Bedrooms | 41 | 40 | -2.4% |
Summary: The Waxahachie 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 16.7%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 2.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 76 | +13.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waxahachie, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 76 homes were sold or pending in Waxahachie in May 2024, up by 13.4% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Waxahachie, TX
How long does it take to sell a home in Waxahachie, TX?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 81 Days | +60.5% |
Summary: Homes in Waxahachie had an average of 81 days on market in May 2024, up by 60.5% compared to last month.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waxahachie are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 76 homes were sold in Waxahachie; 38% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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