Is Alamo Farmsteads-Babcock Road, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Alamo Farmsteads-Babcock Road is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Alamo Farmsteads-Babcock Road was a Seller's Market.

Key Takeaway

Alamo Farmsteads-Babcock Road is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Alamo Farmsteads-Babcock Road, TX

How much do homes in Alamo Farmsteads-Babcock Road, TX cost?

Median Sold Price

$282,495

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$14,080(-4.7%)

Key Takeaway

Homes in Alamo Farmsteads-Babcock Road have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in Alamo Farmsteads-Babcock Road was $282,495 in December 2024, down 4.7% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $225K$214.1K
-4.8%
3 $294.2K$275K
-6.5%
4 $335K$340K
+1.5%
5+ $515K$365K
-29.1%

Summary: Alamo Farmsteads-Babcock Road housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 29.1%.

Housing Supply in Alamo Farmsteads-Babcock Road, TX

How many homes are available in Alamo Farmsteads-Babcock Road, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5553-3.6%

Summary: The Alamo Farmsteads-Babcock Road real estate market had 53 homes for sale in December 2024, a 3.6% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 2826
-7.1%
4 1918
-5.3%
5+ 33
0.0%

Summary: The Alamo Farmsteads-Babcock Road housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Alamo Farmsteads-Babcock Road, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Alamo Farmsteads-Babcock Road in December 2024, up by 16.7% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Alamo Farmsteads-Babcock Road, TX

How long does it take to sell a home in Alamo Farmsteads-Babcock Road, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
67 Days61 Days-9.2%

Summary: Homes in Alamo Farmsteads-Babcock Road had an average of 61 days on market in Dec 2024, down by 9.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were 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

Many homes in Alamo Farmsteads-Babcock Road are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 7 homes were sold in Alamo Farmsteads-Babcock Road; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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 2 Days Ago

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