$10,000 Closing Credit*
$1,200,000
4,657 SqFt
6 Beds
•4 Full Baths, 1 Partial
Nicole Freer, Listing Office: Corcoran Genesis
Is Cinco Ranch Southwest, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cinco Ranch Southwest has remained a Seller's Market.
Key Takeaway
Cinco Ranch Southwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cinco Ranch Southwest, TX
How much do homes in Cinco Ranch Southwest, TX cost?
Median Sold Price
$600,000
$190/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in Cinco Ranch Southwest has remained the same since last year.
Summary: The median home sold price in Cinco Ranch Southwest was $600,000 in October 2024, the same as last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $380K | $400K | +5.3% |
| 4 Bedrooms | $590K | $585K | -0.8% |
| 5+ Bedrooms | $760K | $820K | +7.9% |
Summary: Cinco Ranch Southwest 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 did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Westheimer Lakes | $363.5K | $370K | +1.8% |
| Cinco Ranch Southwest | $600K | $600K | 0.0% |
Housing Supply in Cinco Ranch Southwest, TX
How many homes are available in Cinco Ranch Southwest, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 64 | 58 | -9.4% |
Summary: The Cinco Ranch Southwest real estate market had 58 homes for sale in October 2024, a 9.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 12 | 7 | -41.7% |
| 4 Bedrooms | 36 | 33 | -8.3% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Cinco Ranch Southwest 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 decreased by 41.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cinco Ranch Southwest, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Cinco Ranch Southwest in October 2024, down by 20.0% month-over-month. Of the 16 sold homes, 81% were sold under asking, 13% were sold at asking, and 6% were sold over asking.
Days on Market for Cinco Ranch Southwest, TX
How long does it take to sell a home in Cinco Ranch Southwest, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 25 Days | -29.0% |
Summary: Homes in Cinco Ranch Southwest had an average of 25 days on market in Oct 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cinco Ranch Southwest are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Cinco Ranch Southwest; 69% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.