Is Downtown / The Hill, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Downtown / The Hill is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Downtown / The Hill was a Seller's Market.

Key Takeaway

Downtown / The Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Downtown / The Hill, TX

How much do homes in Downtown / The Hill, TX cost?

Median Sold Price

$437,500

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$7,500(+1.7%)

Key Takeaway

Homes in Downtown / The Hill have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Downtown / The Hill was $437,500 in November 2024, up 1.7% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $268K$394.9K
+47.4%
2 $374K$340K
-9.1%
3 $447K$462K
+3.4%
4 $599K$546K
-8.8%
5+ $614.9K$822.5K
+33.8%

Summary: Downtown / The Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.4%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 33.8%.

Housing Supply in Downtown / The Hill, TX

How many homes are available in Downtown / The Hill, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
203213+4.9%

Summary: The Downtown / The Hill real estate market had 213 homes for sale in November 2024, a 4.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 4753
+12.8%
3 102101
-1.0%
4 4752
+10.6%
5+ 66
0.0%

Summary: The Downtown / The Hill 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 increased by 12.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2012-40.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 12 homes were sold or pending in Downtown / The Hill in November 2024, down by 40.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 8% were sold at asking, and 25% were sold over asking.

Days on Market for Downtown / The Hill, TX

How long does it take to sell a home in Downtown / The Hill, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
51 Days82 Days+59.9%

Summary: Homes in Downtown / The Hill had an average of 82 days on market in Nov 2024, up by 59.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Downtown / The Hill are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 12 homes were sold in Downtown / The Hill; 25% of homes were sold within 30 days, 25% 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 22 Days Ago

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