Is 75844, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 75844 is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 75844 was a Neutral Market.

Key Takeaway

75844 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 75844, TX

How much do homes in 75844, TX cost?

Median Sold Price

$310,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$86,840(+38.9%)

Key Takeaway

Homes in 75844 have sold for 38.9% more than they did a year ago.

Summary: The median home sold price in 75844 was $310,000 in November 2024, up 38.9% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $1.3M-
N/A
2 $190.2K$185K
-2.8%
3 $226.3K$310K
+37.0%
4 $220K$330K
+50.0%
5+ $724.8K$736.5K
+1.6%

Summary: 75844 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 37%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Zip Codes

75844
+38.9%
75835
+17.1%

Housing Supply in 75844, TX

How many homes are available in 75844, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2527+8.0%

Summary: The 75844 real estate market had 27 homes for sale in November 2024, a 8.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 1515
0.0%
4 56
+20.0%
5+ 11
0.0%

Summary: The 75844 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 75844, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in 75844 in November 2024, up by 200.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 75844, TX

How long does it take to sell a home in 75844, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
253 Days83 Days-67.2%

Summary: Homes in 75844 had an average of 83 days on market in Nov 2024, down by 67.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 75844 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 6 homes were sold in 75844; 17% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 75844, TX

Nearby Markets to 75844, TX