Is Washington-Chappell Hill, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Washington-Chappell Hill was a Buyer's Market.
Housing Prices in Washington-Chappell Hill, TX
How much do homes in Washington-Chappell Hill, TX cost?
Median Sold Price
$598,279
$366/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Washington-Chappell Hill was $598,279 in May 2024, down 6.4% from last month, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $799K | $506K | -36.7% |
3 Bedrooms | $482K | $1.1M | +148.9% |
4 Bedrooms | $1.0M | $830K | -19.4% |
5+ Bedrooms | - | - | N/A |
Summary: Washington-Chappell Hill 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 decreased by 36.7%, 3 bedroom homes increased by 148.9%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Chappell Hill | $592K | $599K | +1.2% |
Washington-Chappell Hill | $639K | $598.2K | -6.4% |
Washington | $799K | $463K | -42.1% |
Housing Supply in Washington-Chappell Hill, TX
How many homes are available in Washington-Chappell Hill, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 41 | +7.9% |
Summary: The Washington-Chappell Hill real estate market had 41 homes for sale in May 2024, a 7.9% 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 | 6 | 5 | -16.7% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Washington-Chappell Hill 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 decreased by 16.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Washington-Chappell Hill in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Washington-Chappell Hill, TX
How long does it take to sell a home in Washington-Chappell Hill, TX?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 Days | 36 Days | -13.5% |
Summary: Homes in Washington-Chappell Hill had an average of 36 days on market in May 2024, down by 13.5% compared to last month.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Washington-Chappell Hill; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.