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 October 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

$432,000

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$2,000(+0.5%)

Key Takeaway

The sold price of homes in Downtown / The Hill has remained the same since last year.

Summary: The median home sold price in Downtown / The Hill was $432,000 in October 2024, up 0.5% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $268K$394.9K
+47.4%
2 $374K$365.5K
-2.3%
3 $441.4K$451.5K
+2.3%
4 $601.9K$546K
-9.3%
5+ $614.9K$720K
+17.1%

Summary: Downtown / The Hill housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.4%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 17.1%.

Housing Supply in Downtown / The Hill, TX

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
151169+11.9%

Summary: The Downtown / The Hill real estate market had 169 homes for sale in October 2024, a 11.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 2434
+41.7%
3 8288
+7.3%
4 3839
+2.6%
5+ 55
0.0%

Summary: The Downtown / The Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1018+80.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 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. 72.2% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Downtown / The Hill in October 2024, up by 80.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% 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

Oct 2023Oct 2024CHANGE
89 Days100 Days+12.3%

Summary: Homes in Downtown / The Hill had an average of 100 days on market in Oct 2024, up by 12.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

9 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 October 2024, 18 homes were sold in Downtown / The Hill; 22% of homes were sold within 30 days, 28% 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 20 Days Ago

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