Is Cove, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cove is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Cove has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Cove, TX

How much do homes in Cove, TX cost?

Median Sold Price

$309,000

$197/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$66,500(+27.4%)

Key Takeaway

Homes in Cove have sold for 27.4% more than they did a month ago.

Summary: The median home sold price in Cove was $309,000 in November 2024, up 27.4% from last month, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $242.5K$210K
-13.4%
4 -$408K
N/A
5+ --
N/A

Summary: Cove housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 13.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Cove, TX

How many homes are available in Cove, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
107-30.0%

Summary: The Cove real estate market had 7 homes for sale in November 2024, a 30.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 95
-44.4%
4 12
+100.0%
5+ 00
0.0%

Summary: The Cove 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 remained the same, 3 bedroom homes decreased by 44.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cove, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Cove in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cove, TX

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

Average Sale Time

Oct 2024Nov 2024CHANGE
15 Days114 Days+638.7%

Summary: Homes in Cove had an average of 114 days on market in Nov 2024, up by 638.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cove has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Cove; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 21 Days Ago

Newest Listings in Cove, TX

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