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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burton is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Burton has remained a Buyer's Market.

Key Takeaway

Burton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Burton, TX

How much do homes in Burton, TX cost?

Median Sold Price

$700,000

$371/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$220,000(+45.8%)

Key Takeaway

Homes in Burton have sold for 45.8% more than they did a year ago.

Summary: The median home sold price in Burton was $700,000 in October 2024, up 45.8% from last year, and the median price per square foot was $371.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $480K$1.2M
+163.0%
3 $500K$355K
-29.0%
4 $875K$985K
+12.6%
5+ -$1.6M
N/A

Summary: Burton 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 163%, 3 bedroom homes decreased by 29%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes did not change.

Housing Supply in Burton, TX

How many homes are available in Burton, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
20200.0%

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

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 55
0.0%
3 56
+20.0%
4 76
-14.3%
5+ 22
0.0%

Summary: The Burton 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burton, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Burton in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Burton, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days77 Days+269.0%

Summary: Homes in Burton had an average of 77 days on market in Oct 2024, up by 269% compared to last year.

Breakdown of Home Sale Times

1 Home Was 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 Burton are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Burton; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

Newest Listings in Burton, TX

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