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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belterra is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Belterra, TX

How much do homes in Belterra, TX cost?

Median Sold Price

$720,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,000(+0.8%)

Key Takeaway

Homes in Belterra have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Belterra was $720,000 in October 2024, up 0.8% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$500K
N/A
3 $594.5K$580K
-2.4%
4 $755K$765K
+1.3%
5+ $940K$890K
-5.3%

Summary: Belterra 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 2.4%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 5.3%.

Housing Supply in Belterra, TX

How many homes are available in Belterra, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
36360.0%

Summary: The Belterra real estate market had 36 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 67
+16.7%
4 2324
+4.3%
5+ 75
-28.6%

Summary: The Belterra 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 16.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belterra, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Belterra in October 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Belterra, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
93 Days100 Days+7.4%

Summary: Homes in Belterra had an average of 100 days on market in Oct 2024, up by 7.4% compared to last year.

Breakdown of Home Sale Times

0 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

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

Summary: During October 2024, 3 homes were sold in Belterra; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 16 Days Ago

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