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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Briarcliff is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Briarcliff was a Buyer's Market.

Key Takeaway

Briarcliff 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 Briarcliff, TX

How much do homes in Briarcliff, TX cost?

Median Sold Price

$436,500

$220/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$30,500(-6.5%)

Key Takeaway

Homes in Briarcliff have sold for 6.5% less than they did a month ago.

Summary: The median home sold price in Briarcliff was $436,500 in November 2024, down 6.5% from last month, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $604K$436.5K
-27.7%
4 $330K-
N/A
5+ --
N/A

Summary: Briarcliff housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 27.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Briarcliff, TX

How many homes are available in Briarcliff, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
20200.0%

Summary: The Briarcliff real estate market had 20 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 00
0.0%
3 1211
-8.3%
4 78
+14.3%
5+ 00
0.0%

Summary: The Briarcliff housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Briarcliff, 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 Briarcliff in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Briarcliff, TX

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

Average Sale Time

Oct 2024Nov 2024CHANGE
40 Days51 Days+29.2%

Summary: Homes in Briarcliff had an average of 51 days on market in Nov 2024, up by 29.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Briarcliff; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 2 Days Ago

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