Is El Campo, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Campo is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, El Campo has remained a Seller's Market.

Key Takeaway

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

Housing Prices in El Campo, TX

How much do homes in El Campo, TX cost?

Median Sold Price

$198,350

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$11,650(-5.5%)

Key Takeaway

Homes in El Campo have sold for 5.5% less than they did a year ago.

Summary: The median home sold price in El Campo was $198,350 in October 2024, down 5.5% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $165K$110K
-33.3%
2 $130K$162.5K
+25.0%
3 $210K$225K
+7.1%
4 $256K$387.5K
+51.4%
5+ $255K$285K
+11.8%

Summary: El Campo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 51.4%, and 5+ bedroom homes increased by 11.8%.

Housing Supply in El Campo, TX

How many homes are available in El Campo, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5962+5.1%

Summary: The El Campo real estate market had 62 homes for sale in October 2024, a 5.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1112
+9.1%
3 3336
+9.1%
4 1111
0.0%
5+ 32
-33.3%

Summary: The El Campo 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 increased by 9.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1011+10.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Campo, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in El Campo in October 2024, up by 10.0% month-over-month. Of the 11 sold homes, 73% were sold under asking, 18% were sold at asking, and 9% were sold over asking.

Days on Market for El Campo, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
117 Days70 Days-40.4%

Summary: Homes in El Campo had an average of 70 days on market in Oct 2024, down by 40.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in El Campo are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in El Campo; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% 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 16 Days Ago

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