$199,000
12.00 Acres
Land
•2 Full Baths
Amber Hamilton, Listing Office: Fowler Realty
Is Colmesneil, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, Colmesneil was a Neutral Market.
Key Takeaway
Colmesneil is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Colmesneil, TX
How much do homes in Colmesneil, TX cost?
Median Sold Price
$196,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$29,000(-12.9%)
Key Takeaway
Homes in Colmesneil have sold for 12.9% less than they did a year ago.
Summary: The median home sold price in Colmesneil was $196,000 in August 2024, down 12.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $190K | $173K | -8.9% |
| 2 Bedrooms | $575K | $295K | -48.7% |
| 3 Bedrooms | $455K | $240K | -47.3% |
| 4 Bedrooms | $189K | $130K | -31.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Colmesneil housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes decreased by 48.7%, 3 bedroom homes decreased by 47.3%, 4 bedroom homes decreased by 31.2%, and 5+ bedroom homes did not change.
Housing Supply in Colmesneil, TX
How many homes are available in Colmesneil, TX?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Summary: The Colmesneil real estate market had 19 homes for sale in August 2024, a 11.8% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Colmesneil housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colmesneil, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Colmesneil in August 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Colmesneil, TX
How long does it take to sell a home in Colmesneil, TX?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 18 Days | 2 Days | -89.2% |
Summary: Homes in Colmesneil had an average of 2 days on market in Aug 2024, down by 89.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Colmesneil are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 1 homes were sold in Colmesneil; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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