Is Anderson Mill West, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Anderson Mill West is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Anderson Mill West was a Seller's Market.

Key Takeaway

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

Housing Prices in Anderson Mill West, TX

How much do homes in Anderson Mill West, TX cost?

Median Sold Price

$459,000

$226/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,000(+3.1%)

Key Takeaway

Homes in Anderson Mill West have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Anderson Mill West was $459,000 in October 2024, up 3.1% from last year, and the median price per square foot was $226.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $422.3K$387.5K
-8.3%
4 $485K$558.3K
+15.1%
5+ $735K$600K
-18.4%

Summary: Anderson Mill West 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 did not change, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 18.4%.

Housing Supply in Anderson Mill West, TX

How many homes are available in Anderson Mill West, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2022+10.0%

Summary: The Anderson Mill West real estate market had 22 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1416
+14.3%
4 55
0.0%
5+ 11
0.0%

Summary: The Anderson Mill West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was 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 Anderson Mill West, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Anderson Mill West in October 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Anderson Mill West, TX

How long does it take to sell a home in Anderson Mill West, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days99 Days+216.8%

Summary: Homes in Anderson Mill West had an average of 99 days on market in Oct 2024, up by 216.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 1 homes were sold in Anderson Mill West; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 4 Days Ago

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