Is Acres Home, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Acres Home is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Acres Home was a Seller's Market.

Key Takeaway

Acres Home is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Acres Home, TX

How much do homes in Acres Home, TX cost?

Median Sold Price

$310,866

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$10,244(-3.2%)

Key Takeaway

Homes in Acres Home have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in Acres Home was $310,866 in December 2024, down 3.2% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $394K$508.5K
+29.1%
2 $185K$149.9K
-18.9%
3 $323.5K$314.2K
-2.9%
4 $332K$300K
-9.6%
5+ $272.5K$310K
+13.8%

Summary: Acres Home housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.1%, 2 bedroom homes decreased by 18.9%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes increased by 13.8%.

Median Sold Price Compared To Nearby Neighborhoods

Northside / Northline
+2.5%
Greater Inwood
+2.1%
North Houston
+1.4%
Acres Home
-3.2%

Housing Supply in Acres Home, TX

How many homes are available in Acres Home, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
268307+14.6%

Summary: The Acres Home real estate market had 307 homes for sale in December 2024, a 14.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 32
-33.3%
2 2628
+7.7%
3 202239
+18.3%
4 3434
0.0%
5+ 34
+33.3%

Summary: The Acres Home housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 18.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
2629+11.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Acres Home, expect to pay close to the asking price. 58.6% of homes here sold near the asking price last month.

Summary: A total of 29 homes were sold or pending in Acres Home in December 2024, up by 11.5% month-over-month. Of the 29 sold homes, 38% were sold under asking, 59% were sold at asking, and 3% were sold over asking.

Days on Market for Acres Home, TX

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

Average Sale Time

Dec 2023Dec 2024CHANGE
21 Days34 Days+61.6%

Summary: Homes in Acres Home had an average of 34 days on market in Dec 2024, up by 61.6% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Acres Home are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 29 homes were sold in Acres Home; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% 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 6 Days Ago

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