Is West University Place, 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, West University Place has remained a Seller's Market.
Housing Prices in West University Place, TX
How much do homes in West University Place, TX cost?
Median Sold Price
$1,750,000
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West University Place was $1,750,000 in April 2024, up 9% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $760K | $870.5K | +14.5% |
3 Bedrooms | $979.2K | $1.0M | +10.8% |
4 Bedrooms | $1.7M | $1.8M | +5.5% |
5+ Bedrooms | $2.2M | $2.3M | +3.4% |
Summary: West University Place 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 increased by 14.5%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Cities
Southside Place | $1.3M | $1.5M | +14.8% |
West University Place | $1.6M | $1.7M | +9.0% |
Houston | $325.4K | $315.1K | -3.2% |
Housing Supply in West University Place, TX
How many homes are available in West University Place, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 77 | +26.2% |
Summary: The West University Place real estate market had 77 homes for sale in April 2024, a 26.2% 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 | 6 | 7 | +16.7% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 32 | 46 | +43.8% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The West University Place 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 16.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 28 | +86.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in West University Place in April 2024, up by 86.7% month-over-month. Of the 28 sold homes, 57% were sold under asking, 7% were sold at asking, and 36% were sold over asking.
Days on Market for West University Place, TX
How long does it take to sell a home in West University Place, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 35 Days | +5.2% |
Summary: Homes in West University Place had an average of 35 days on market in Apr 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in West University Place; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.