$2,434 Closing Credit*
$205,000
1,655 SqFt
3 Beds
•2 Full Baths
Samanta Slentz, Listing Office: eXp Realty LLC
Is Eldridge / West Oaks, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Eldridge / West Oaks has remained a Seller's Market.
Key Takeaway
Eldridge / West Oaks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eldridge / West Oaks, TX
How much do homes in Eldridge / West Oaks, TX cost?
Median Sold Price
$335,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,000(+2.1%)
Key Takeaway
Homes in Eldridge / West Oaks have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Eldridge / West Oaks was $335,500 in October 2024, up 2.1% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $95K | -34.5% |
| 2 Bedrooms | $193.4K | $188K | -2.8% |
| 3 Bedrooms | $309.6K | $311.3K | 0.5% |
| 4 Bedrooms | $400K | $400K | 0.0% |
| 5+ Bedrooms | $810K | $865K | +6.8% |
Summary: Eldridge / West Oaks housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.5%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 0.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Lakes of Parkway | $865K | $1.0M | +20.5% |
| Eldridge / West Oaks | $328.5K | $335.5K | +2.1% |
Housing Supply in Eldridge / West Oaks, TX
How many homes are available in Eldridge / West Oaks, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 168 | 186 | +10.7% |
Summary: The Eldridge / West Oaks real estate market had 186 homes for sale in October 2024, a 10.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 32 | 33 | +3.1% |
| 3 Bedrooms | 76 | 84 | +10.5% |
| 4 Bedrooms | 43 | 48 | +11.6% |
| 5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The Eldridge / West Oaks housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eldridge / West Oaks, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Eldridge / West Oaks in October 2024, up by 9.1% month-over-month. Of the 36 sold homes, 61% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Eldridge / West Oaks, TX
How long does it take to sell a home in Eldridge / West Oaks, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 45 Days | -1.6% |
Summary: Homes in Eldridge / West Oaks had an average of 45 days on market in Oct 2024, down by 1.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eldridge / West Oaks are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in Eldridge / West Oaks; 53% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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