Is 75847, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 75847 is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, 75847 was a Neutral Market.

Key Takeaway

75847 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 75847, TX

How much do homes in 75847, TX cost?

Median Sold Price

$423,500

$313/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$281,500(+198.2%)

Key Takeaway

Homes in 75847 have sold for 198.2% more than they did a month ago.

Summary: The median home sold price in 75847 was $423,500 in November 2024, up 198.2% from last month, and the median price per square foot was $313.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$423.5K
N/A
3 $142K-
N/A
4 --
N/A
5+ --
N/A

Summary: 75847 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 75847, TX

How many homes are available in 75847, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
770.0%

Summary: The 75847 real estate market had 7 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 33
0.0%
3 33
0.0%
4 11
0.0%
5+ 00
0.0%

Summary: The 75847 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 75847, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 75847 in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 75847, TX

How long does it take to sell a home in 75847, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
160 Days35 Days-77.8%

Summary: Homes in 75847 had an average of 35 days on market in Nov 2024, down by 77.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 75847 has remained consistent over time.

Summary: During November 2024, 2 homes were sold in 75847; 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.

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 75847, TX

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