$2,548 Closing Credit*
$214,610
1,012 SqFt
3 Beds
•2 Full Baths
Jared Turner, Listing Office: Turner Mangum,LLC
Is East Little York / Homestead, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, East Little York / Homestead was a Buyer's Market.
Key Takeaway
East Little York / Homestead is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in East Little York / Homestead, TX
How much do homes in East Little York / Homestead, TX cost?
Median Sold Price
$205,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,600(+10.6%)
Key Takeaway
Homes in East Little York / Homestead have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in East Little York / Homestead was $205,000 in October 2024, up 10.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $118K | $60K | -49.2% |
| 2 Bedrooms | $140K | $135K | -3.6% |
| 3 Bedrooms | $177.5K | $191.2K | +7.7% |
| 4 Bedrooms | $232.5K | $243.7K | +4.8% |
| 5+ Bedrooms | $297.4K | $275K | -7.5% |
Summary: East Little York / Homestead housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49.2%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Neighborhoods
| East Houston | $195K | $227.5K | +16.7% |
| East Little York / Homestead | $185.4K | $205K | +10.6% |
| Houston Gardens | $208K | $221K | +6.3% |
| Eastex - Jensen Area | $220K | $230K | +4.5% |
Housing Supply in East Little York / Homestead, TX
How many homes are available in East Little York / Homestead, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 91 | +24.7% |
Summary: The East Little York / Homestead real estate market had 91 homes for sale in October 2024, a 24.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 45 | 59 | +31.1% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The East Little York / Homestead 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 31.1%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -38.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Little York / Homestead, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in East Little York / Homestead in October 2024, down by 38.1% month-over-month. Of the 13 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.
Days on Market for East Little York / Homestead, TX
How long does it take to sell a home in East Little York / Homestead, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 39 Days | +351.0% |
Summary: Homes in East Little York / Homestead had an average of 39 days on market in Oct 2024, up by 351% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Little York / Homestead are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in East Little York / Homestead; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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