Is Wharton, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Wharton was a Seller's Market.
Housing Prices in Wharton, TX
How much do homes in Wharton, TX cost?
Median Sold Price
$199,900
$122/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Wharton was $199,900 in May 2024, up 10.4% from last year, and the median price per square foot was $122.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $125K | N/A |
2 Bedrooms | $86.7K | $132K | +52.2% |
3 Bedrooms | $190K | $220K | +15.8% |
4 Bedrooms | $182K | $230K | +26.4% |
5+ Bedrooms | $436.5K | $342.5K | -21.5% |
Summary: Wharton 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 52.2%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes decreased by 21.5%.
Housing Supply in Wharton, TX
How many homes are available in Wharton, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 64 | +18.5% |
Summary: The Wharton real estate market had 64 homes for sale in May 2024, a 18.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 13 | 14 | +7.7% |
3 Bedrooms | 28 | 31 | +10.7% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Wharton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Wharton in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Wharton, TX
How long does it take to sell a home in Wharton, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 17 Days | -65.7% |
Summary: Homes in Wharton had an average of 17 days on market in May 2024, down by 65.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Wharton; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.