$12,000
0.16 Acres
Land
Marie Lane, Listing Office: NB Elite Realty
Is Beaumont, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Beaumont was a Seller's Market.
Key Takeaway
Beaumont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Beaumont, TX
How much do homes in Beaumont, TX cost?
Median Sold Price
$236,500
$120/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Beaumont has remained the same since last year.
Summary: The median home sold price in Beaumont was $236,500 in November 2024, the same as last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $92.5K | N/A |
| 2 Bedrooms | $129K | $123.9K | -3.9% |
| 3 Bedrooms | $199.4K | $190.5K | -4.5% |
| 4 Bedrooms | $306.4K | $306.4K | 0.0% |
| 5+ Bedrooms | $455K | $350K | -23.1% |
Summary: Beaumont 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 3.9%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 23.1%.
Housing Supply in Beaumont, TX
How many homes are available in Beaumont, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 196 | 201 | +2.6% |
Summary: The Beaumont real estate market had 201 homes for sale in November 2024, a 2.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 97 | 99 | +2.1% |
| 4 Bedrooms | 59 | 58 | -1.7% |
| 5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The Beaumont 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 5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 13 | -55.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Beaumont, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Beaumont in November 2024, down by 55.2% month-over-month. Of the 13 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.
Days on Market for Beaumont, TX
How long does it take to sell a home in Beaumont, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 71 Days | 35 Days | -50.8% |
Summary: Homes in Beaumont had an average of 35 days on market in Nov 2024, down by 50.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Beaumont are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Beaumont; 46% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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