Is Briargrove Park, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Briargrove Park is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Briargrove Park has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Briargrove Park, TX

How much do homes in Briargrove Park, TX cost?

Median Sold Price

$710,000

$288/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$65,000(+10.1%)

Key Takeaway

Homes in Briargrove Park have sold for 10.1% more than they did a year ago.

Summary: The median home sold price in Briargrove Park was $710,000 in October 2024, up 10.1% from last year, and the median price per square foot was $288.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $215K-
N/A
2 $235K$232K
-1.3%
3 $587.5K$610K
+3.8%
4 $790K$815.2K
+3.2%
5+ $760K$1.9M
+150.8%

Summary: Briargrove Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 150.8%.

Median Sold Price Compared To Nearby Neighborhoods

Mid West
+22.9%
Briargrove Park
+10.1%
Briar Forest
+10.0%
Memorial
+6.2%
Midwest
+4.4%

Housing Supply in Briargrove Park, TX

How many homes are available in Briargrove Park, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3031+3.3%

Summary: The Briargrove Park real estate market had 31 homes for sale in October 2024, a 3.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1213
+8.3%
4 1210
-16.7%
5+ 34
+33.3%

Summary: The Briargrove Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
990.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Briargrove Park, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Briargrove Park in October 2024, the same as the previous month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for Briargrove Park, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days33 Days-10.5%

Summary: Homes in Briargrove Park had an average of 33 days on market in Oct 2024, down by 10.5% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Briargrove Park; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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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