Is Tiki Island, 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, Tiki Island was a Neutral Market.
Key Takeaway
Tiki Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Tiki Island, TX
How much do homes in Tiki Island, TX cost?
Median Sold Price
$770,000
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tiki Island have sold for 7.8% less than they did a year ago.
Summary: The median home sold price in Tiki Island was $770,000 in May 2024, down 7.8% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $736.2K | $615K | -16.5% |
| 3 Bedrooms | $737.5K | $697.4K | -5.4% |
| 4 Bedrooms | $1.0M | $1.0M | +5.9% |
| 5+ Bedrooms | $2.2M | $1.6M | -25.4% |
Summary: Tiki Island 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 decreased by 16.5%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 25.4%.
Median Sold Price Compared To Nearby Cities
| Hitchcock | $296.4K | $292.5K | -1.3% |
| La Marque-Hitchcock | $290.3K | $283.3K | -2.4% |
| Tiki Island | $835K | $770K | -7.8% |
Housing Supply in Tiki Island, TX
How many homes are available in Tiki Island, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 62 | +12.7% |
Summary: The Tiki Island real estate market had 62 homes for sale in May 2024, a 12.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 19 | 21 | +10.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Tiki Island 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 25%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tiki Island, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Tiki Island in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Tiki Island, TX
How long does it take to sell a home in Tiki Island, TX?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 85 Days | 51 Days | -39.4% |
Summary: Homes in Tiki Island had an average of 51 days on market in May 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tiki Island has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Tiki Island; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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