Is Center Point, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Center Point is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Center Point was a Seller's Market.

Key Takeaway

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

Housing Prices in Center Point, TX

How much do homes in Center Point, TX cost?

Median Sold Price

$440,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$121,000(+37.9%)

Key Takeaway

Homes in Center Point have sold for 37.9% more than they did a year ago.

Summary: The median home sold price in Center Point was $440,000 in October 2024, up 37.9% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $319K-
N/A
2 $240K$542K
+125.8%
3 $505K$439K
-13.1%
4 $625K$299.9K
-52.0%
5+ -$975K
N/A

Summary: Center Point 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 125.8%, 3 bedroom homes decreased by 13.1%, 4 bedroom homes decreased by 52%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Center Point
+37.9%
Comfort
+13.2%
Pipe Creek
+1.9%
Kerrville
-4.5%
Comfort
-21.6%

Housing Supply in Center Point, TX

How many homes are available in Center Point, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1216+33.3%

Summary: The Center Point real estate market had 16 homes for sale in October 2024, a 33.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 21
-50.0%
3 37
+133.3%
4 66
0.0%
5+ 11
0.0%

Summary: The Center Point housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 133.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 Center Point, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Center Point in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Center Point, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days45 Days+23.0%

Summary: Homes in Center Point had an average of 45 days on market in Oct 2024, up by 23% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Center Point has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Center Point; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

Newest Listings in Center Point, TX

Nearby Markets to Center Point, TX

What housing markets are near Center Point, TX?