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 20 Days Ago

Newest Listings in Bridge City-Orangefield, TX

Nearby Markets to Bridge City-Orangefield, TX

What housing markets are near Bridge City-Orangefield, TX?