$550,000
8.50 Acres
Land
•3 Full Baths
Steven Torno, Listing Office: Circle T Realty
Is 75831, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 75831 was a Seller's Market.
Key Takeaway
75831 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 75831, TX
How much do homes in 75831, TX cost?
Median Sold Price
$350,000
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$82,000(+30.6%)
Key Takeaway
Homes in 75831 have sold for 30.6% more than they did a year ago.
Summary: The median home sold price in 75831 was $350,000 in October 2024, up 30.6% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332.5K | - | N/A |
| 2 Bedrooms | $161.2K | $220K | +36.4% |
| 3 Bedrooms | $220K | $350K | +59.1% |
| 4 Bedrooms | $400K | $675K | +68.8% |
| 5+ Bedrooms | $345K | - | N/A |
Summary: 75831 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 59.1%, 4 bedroom homes increased by 68.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 75831 | $268K | $350K | +30.6% |
| 75860 | $217.5K | $230K | +5.7% |
Housing Supply in 75831, TX
How many homes are available in 75831, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The 75831 real estate market had 23 homes for sale in October 2024, a 8.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 75831 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 22.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 75831, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 75831 in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 75831, TX
How long does it take to sell a home in 75831, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 90 Days | 77 Days | -14.8% |
Summary: Homes in 75831 had an average of 77 days on market in Oct 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 75831 has remained consistent over time.
Summary: During October 2024, 1 homes were sold in 75831; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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