Is Bridge City-Orangefield, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bridge City-Orangefield is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Bridge City-Orangefield was a Buyer's Market.

Key Takeaway

Bridge City-Orangefield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bridge City-Orangefield, TX

How much do homes in Bridge City-Orangefield, TX cost?

Median Sold Price

$263,900

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,772(-1.8%)

Key Takeaway

Homes in Bridge City-Orangefield have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Bridge City-Orangefield was $263,900 in October 2024, down 1.8% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $26K-
N/A
2 $122.4K$128K
+4.5%
3 $260.8K$251.8K
-3.5%
4 $281.3K$284.3K
+1.1%
5+ $318K$368.7K
+15.9%

Summary: Bridge City-Orangefield 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 increased by 4.5%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Cities

Port Arthur
+16.7%
Orange
+4.6%
Bridge City-Orangefield
-1.8%

Housing Supply in Bridge City-Orangefield, TX

How many homes are available in Bridge City-Orangefield, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3334+3.0%

Summary: The Bridge City-Orangefield real estate market had 34 homes for sale in October 2024, a 3.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1515
0.0%
4 1515
0.0%
5+ 33
0.0%

Summary: The Bridge City-Orangefield 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 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bridge City-Orangefield, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Bridge City-Orangefield in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Bridge City-Orangefield, TX

How long does it take to sell a home in Bridge City-Orangefield, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
132 Days73 Days-44.6%

Summary: Homes in Bridge City-Orangefield had an average of 73 days on market in Oct 2024, down by 44.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bridge City-Orangefield are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 6 homes were sold in Bridge City-Orangefield; 33% of homes were sold within 30 days, 33% 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 4 Days Ago

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