Is East Congress, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Congress is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, East Congress was a Seller's Market.

Key Takeaway

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

Housing Prices in East Congress, TX

How much do homes in East Congress, TX cost?

Median Sold Price

$426,000

$367/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$29,000(-6.4%)

Key Takeaway

Homes in East Congress have sold for 6.4% less than they did a year ago.

Summary: The median home sold price in East Congress was $426,000 in October 2024, down 6.4% from last year, and the median price per square foot was $367.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $415K$342.3K
-17.5%
2 $451.4K$409.4K
-9.3%
3 $440K$507.5K
+15.3%
4 $560.5K$605K
+7.9%
5+ --
N/A

Summary: East Congress housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.5%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes did not change.

Housing Supply in East Congress, TX

How many homes are available in East Congress, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2326+13.0%

Summary: The East Congress real estate market had 26 homes for sale in October 2024, a 13.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 55
0.0%
2 88
0.0%
3 812
+50.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The East Congress 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Congress, 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 East Congress in October 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 East Congress, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days483 Days+2000.0%

Summary: Homes in East Congress had an average of 483 days on market in Oct 2024, up by 2000% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in East Congress are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in East Congress; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 4 Days Ago

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