$2,719 Closing Credit*
$229,000
1,444 SqFt
3 Beds
•2 Full Baths, 1 Partial
Cynthia Trahan, Listing Office: Compass RE Texas, LLC - Memorial
Is Briar Forest, 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, Briar Forest was a Seller's Market.
Key Takeaway
Briar Forest 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 Briar Forest, TX
How much do homes in Briar Forest, TX cost?
Median Sold Price
$418,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$22,445(+5.7%)
Key Takeaway
Homes in Briar Forest have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Briar Forest was $418,000 in November 2024, up 5.7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115.5K | $112K | -3.0% |
| 2 Bedrooms | $181.5K | $190K | +4.7% |
| 3 Bedrooms | $384.5K | $395K | +2.7% |
| 4 Bedrooms | $490K | $515K | +5.1% |
| 5+ Bedrooms | $663.7K | $529.5K | -20.2% |
Summary: Briar Forest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 20.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Mid West | $307.7K | $364K | +18.3% |
| Briargrove Park | $640.5K | $710K | +10.9% |
| Briar Forest | $395.5K | $418K | +5.7% |
| Memorial | $670K | $703.5K | +5.0% |
| Westchase | $171.2K | $171.5K | 0.1% |
Housing Supply in Briar Forest, TX
How many homes are available in Briar Forest, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 193 | 201 | +4.1% |
Summary: The Briar Forest real estate market had 201 homes for sale in November 2024, a 4.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 35 | 34 | -2.9% |
| 3 Bedrooms | 58 | 68 | +17.2% |
| 4 Bedrooms | 77 | 75 | -2.6% |
| 5+ Bedrooms | 13 | 12 | -7.7% |
Summary: The Briar Forest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 17.2%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 30 | -36.2% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Briar Forest, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Briar Forest in November 2024, down by 36.2% month-over-month. Of the 30 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Briar Forest, TX
How long does it take to sell a home in Briar Forest, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 23 Days | -5.2% |
Summary: Homes in Briar Forest had an average of 23 days on market in Nov 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Briar Forest are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 30 homes were sold in Briar Forest; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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