Is Braeswood Place, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Braeswood Place is a neutral's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Braeswood Place is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Braeswood Place, TX

How much do homes in Braeswood Place, TX cost?

Median Sold Price

$610,000

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$60,000(+10.9%)

Key Takeaway

Homes in Braeswood Place have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in Braeswood Place was $610,000 in November 2024, up 10.9% from last year, and the median price per square foot was $265.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $97.5K$91K
-6.7%
2 $258.2K$302.5K
+17.2%
3 $485K$559K
+15.3%
4 $995K$1.1M
+12.1%
5+ $1.4M$1.5M
+9.0%

Summary: Braeswood Place housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 9%.

Median Sold Price Compared To Nearby Neighborhoods

Braeswood Place
+10.9%
Braeswood
+10.9%
University Place
+2.2%
Astrodome Area
+2.2%
Old Braeswood
-14.2%

Housing Supply in Braeswood Place, TX

How many homes are available in Braeswood Place, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
93100+7.5%

Summary: The Braeswood Place real estate market had 100 homes for sale in November 2024, a 7.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 78
+14.3%
2 1617
+6.3%
3 3130
-3.2%
4 2532
+28.0%
5+ 1413
-7.1%

Summary: The Braeswood Place housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 28%, and 5+ bedroom homes decreased by 7.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1716-5.9%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Braeswood Place, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Braeswood Place in November 2024, down by 5.9% month-over-month. Of the 16 sold homes, 69% were sold under asking, 25% were sold at asking, and 6% were sold over asking.

Days on Market for Braeswood Place, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days42 Days+16.3%

Summary: Homes in Braeswood Place had an average of 42 days on market in Nov 2024, up by 16.3% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 16 homes were sold in Braeswood Place; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% 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 24 Days Ago

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