Is Central Southwest, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Southwest is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Central Southwest was a Seller's Market.

Key Takeaway

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

Housing Prices in Central Southwest, TX

How much do homes in Central Southwest, TX cost?

Median Sold Price

$240,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$9,000(-3.6%)

Key Takeaway

Homes in Central Southwest have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in Central Southwest was $240,000 in November 2024, down 3.6% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $157.5K$320K
+103.2%
3 $237.5K$233.6K
-1.6%
4 $269.9K$262K
-2.9%
5+ $244.9K$230K
-6.1%

Summary: Central Southwest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 103.2%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 6.1%.

Median Sold Price Compared To Nearby Neighborhoods

Southwest
+2.7%
Central Southwest
-3.6%

Housing Supply in Central Southwest, TX

How many homes are available in Central Southwest, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
138165+19.6%

Summary: The Central Southwest real estate market had 165 homes for sale in November 2024, a 19.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 84103
+22.6%
4 4958
+18.4%
5+ 33
0.0%

Summary: The Central Southwest housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 22.6%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2421-12.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Southwest, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Central Southwest in November 2024, down by 12.5% month-over-month. Of the 21 sold homes, 52% were sold under asking, 19% were sold at asking, and 29% were sold over asking.

Days on Market for Central Southwest, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
41 Days51 Days+25.7%

Summary: Homes in Central Southwest had an average of 51 days on market in Nov 2024, up by 25.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 21 homes were sold in Central Southwest; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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 18 Days Ago

Newest Listings in Central Southwest, TX

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