$975,000
0.19 Acres
Land
Michael Reisor, Listing Office: Douglas Elliman Real Estate
Is Cherrywood / French Place, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cherrywood / French Place has remained a Seller's Market.
Key Takeaway
Cherrywood / French Place is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cherrywood / French Place, TX
How much do homes in Cherrywood / French Place, TX cost?
Median Sold Price
$665,000
$491/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$95,000(-12.5%)
Key Takeaway
Homes in Cherrywood / French Place have sold for 12.5% less than they did a year ago.
Summary: The median home sold price in Cherrywood / French Place was $665,000 in November 2024, down 12.5% from last year, and the median price per square foot was $491.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $425K | N/A |
| 2 Bedrooms | $525K | $560K | +6.7% |
| 3 Bedrooms | $767.5K | $790K | +2.9% |
| 4 Bedrooms | $985K | $740K | -24.9% |
| 5+ Bedrooms | - | $1.2M | N/A |
Summary: Cherrywood / French Place 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 6.7%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 24.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| University Park | $665K | $602.5K | -9.4% |
| Cherrywood / French Place | $760K | $665K | -12.5% |
Housing Supply in Cherrywood / French Place, TX
How many homes are available in Cherrywood / French Place, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Summary: The Cherrywood / French Place real estate market had 23 homes for sale in November 2024, a 11.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cherrywood / French Place 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 14.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherrywood / French Place, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Cherrywood / French Place in November 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Cherrywood / French Place, TX
How long does it take to sell a home in Cherrywood / French Place, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 99 Days | 38 Days | -61.6% |
Summary: Homes in Cherrywood / French Place had an average of 38 days on market in Nov 2024, down by 61.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherrywood / French Place are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Cherrywood / French Place; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.