$3,206 Closing Credit*
$270,000
1,853 SqFt
3 Beds
•2 Full Baths
Jamie McMartin, Listing Office: Compass RE Texas, LLC - Katy
Is Brays Oaks, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Brays Oaks has remained a Seller's Market.
Key Takeaway
Brays Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Brays Oaks, TX
How much do homes in Brays Oaks, TX cost?
Median Sold Price
$213,000
$118/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,000(+12.1%)
Key Takeaway
Homes in Brays Oaks have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Brays Oaks was $213,000 in October 2024, up 12.1% from last year, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $74K | $73.2K | -1.0% |
| 2 Bedrooms | $121.2K | $100K | -17.5% |
| 3 Bedrooms | $219.6K | $215K | -2.1% |
| 4 Bedrooms | $278K | $316.9K | +14.0% |
| 5+ Bedrooms | $489K | $370K | -24.3% |
Summary: Brays Oaks housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 14%, and 5+ bedroom homes decreased by 24.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Brays Oaks | $190K | $213K | +12.1% |
| South Gessner | $201.5K | $225.6K | +12.0% |
| Westbury | $320K | $308.5K | -3.6% |
Housing Supply in Brays Oaks, TX
How many homes are available in Brays Oaks, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 161 | 176 | +9.3% |
Summary: The Brays Oaks real estate market had 176 homes for sale in October 2024, a 9.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 44 | 48 | +9.1% |
| 3 Bedrooms | 59 | 57 | -3.4% |
| 4 Bedrooms | 44 | 53 | +20.5% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Brays Oaks housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 33 | +43.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Brays Oaks, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Brays Oaks in October 2024, up by 43.5% month-over-month. Of the 33 sold homes, 73% were sold under asking, 15% were sold at asking, and 12% were sold over asking.
Days on Market for Brays Oaks, TX
How long does it take to sell a home in Brays Oaks, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 55 Days | +128.7% |
Summary: Homes in Brays Oaks had an average of 55 days on market in Oct 2024, up by 128.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Brays Oaks has remained consistent over time.
Summary: During October 2024, 33 homes were sold in Brays Oaks; 36% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.