Is Collins Garden, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Collins Garden is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Collins Garden was a Seller's Market.

Key Takeaway

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

Housing Prices in Collins Garden, TX

How much do homes in Collins Garden, TX cost?

Median Sold Price

$160,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$24,000(-13.0%)

Key Takeaway

Homes in Collins Garden have sold for 13% less than they did a year ago.

Summary: The median home sold price in Collins Garden was $160,000 in October 2024, down 13% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $103.5K$81.5K
-21.2%
2 $76.5K$110K
+43.8%
3 $180K$242.5K
+34.7%
4 $293.9K$312.5K
+6.3%
5+ -$443.9K
N/A

Summary: Collins Garden housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.2%, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 34.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Lone Star
+18.3%
Collins Garden
-13.0%

Housing Supply in Collins Garden, TX

How many homes are available in Collins Garden, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2530+20.0%

Summary: The Collins Garden real estate market had 30 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 87
-12.5%
3 1117
+54.5%
4 44
0.0%
5+ 11
0.0%

Summary: The Collins Garden 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 decreased by 12.5%, 3 bedroom homes increased by 54.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 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 Collins Garden, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Collins Garden in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Collins Garden, TX

How long does it take to sell a home in Collins Garden, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days46 Days+13.6%

Summary: Homes in Collins Garden had an average of 46 days on market in Oct 2024, up by 13.6% 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 Collins Garden has remained consistent over time.

Summary: During October 2024, 1 homes were sold in Collins Garden; 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 20 Days Ago

Newest Listings in Collins Garden, TX

Nearby Markets to Collins Garden, TX