Is Clear Lake Shores, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clear Lake Shores is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Clear Lake Shores was a Neutral Market.

Key Takeaway

Clear Lake Shores is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Clear Lake Shores, TX

How much do homes in Clear Lake Shores, TX cost?

Median Sold Price

$378,000

$244/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$80,250(-17.5%)

Key Takeaway

Homes in Clear Lake Shores have sold for 17.5% less than they did a year ago.

Summary: The median home sold price in Clear Lake Shores was $378,000 in October 2024, down 17.5% from last year, and the median price per square foot was $244.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $299.9K$154.5K
-48.5%
2 $322.5K$324.6K
+0.7%
3 $485K$620K
+27.8%
4 $820K$675K
-17.7%
5+ --
N/A

Summary: Clear Lake Shores housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.5%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 27.8%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Texas City-League City
+4.4%
Southeast Harris
+1.9%
Seabrook
-1.1%
Kemah
-12.0%
Clear Lake Shores
-17.5%

Housing Supply in Clear Lake Shores, TX

How many homes are available in Clear Lake Shores, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1615-6.3%

Summary: The Clear Lake Shores real estate market had 15 homes for sale in October 2024, a 6.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 68
+33.3%
3 76
-14.3%
4 21
-50.0%
5+ 00
0.0%

Summary: The Clear Lake Shores housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clear Lake Shores, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Clear Lake Shores in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Clear Lake Shores, TX

How long does it take to sell a home in Clear Lake Shores, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days120 Days+215.8%

Summary: Homes in Clear Lake Shores had an average of 120 days on market in Oct 2024, up by 215.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Clear Lake Shores are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 3 homes were sold in Clear Lake Shores; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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

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