Is Briar Forest, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Briar Forest is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Briar Forest has remained a Seller's Market.

Key Takeaway

Briar Forest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Briar Forest, TX

How much do homes in Briar Forest, TX cost?

Median Sold Price

$423,666

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$38,346(+10.0%)

Key Takeaway

Homes in Briar Forest have sold for 10% more than they did a year ago.

Summary: The median home sold price in Briar Forest was $423,666 in October 2024, up 10% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $114.5K$112K
-2.2%
2 $185K$190K
+2.7%
3 $372.5K$413K
+10.9%
4 $487K$513.5K
+5.4%
5+ $651.7K$529.5K
-18.8%

Summary: Briar Forest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.2%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 18.8%.

Median Sold Price Compared To Nearby Neighborhoods

Mid West
+22.9%
Briargrove Park
+10.1%
Briar Forest
+10.0%
Memorial
+6.2%
Westchase
-4.7%

Housing Supply in Briar Forest, TX

How many homes are available in Briar Forest, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
188213+13.3%

Summary: The Briar Forest real estate market had 213 homes for sale in October 2024, a 13.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 912
+33.3%
2 3140
+29.0%
3 5561
+10.9%
4 7985
+7.6%
5+ 1415
+7.1%

Summary: The Briar Forest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 29%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 7.6%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3746+24.3%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Briar Forest, you may be able to get a good deal. 67.4% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Briar Forest in October 2024, up by 24.3% month-over-month. Of the 46 sold homes, 67% were sold under asking, 20% 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

Oct 2023Oct 2024CHANGE
42 Days34 Days-19.9%

Summary: Homes in Briar Forest had an average of 34 days on market in Oct 2024, down by 19.9% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 46 homes were sold in Briar Forest; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% 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 20 Days Ago

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