Is Estates / Mission Hills, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Estates / Mission Hills is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Estates / Mission Hills has remained a Buyer's Market.

Key Takeaway

Estates / Mission Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Estates / Mission Hills, TX

How much do homes in Estates / Mission Hills, TX cost?

Median Sold Price

$260,000

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,000(-1.9%)

Key Takeaway

Homes in Estates / Mission Hills have sold for 1.9% less than they did a year ago.

Summary: The median home sold price in Estates / Mission Hills was $260,000 in October 2024, down 1.9% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $150K$126.5K
-15.7%
3 $250K$240K
-4.0%
4 $285K$296.4K
+4.0%
5+ $331.5K$305.2K
-7.9%

Summary: Estates / Mission Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 7.9%.

Housing Supply in Estates / Mission Hills, TX

How many homes are available in Estates / Mission Hills, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2634+30.8%

Summary: The Estates / Mission Hills real estate market had 34 homes for sale in October 2024, a 30.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 22
0.0%
3 1420
+42.9%
4 78
+14.3%
5+ 12
+100.0%

Summary: The Estates / Mission Hills 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 42.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

2 Homes Were 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 Estates / Mission Hills, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Estates / Mission Hills in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Estates / Mission Hills, TX

How long does it take to sell a home in Estates / Mission Hills, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days115 Days+235.0%

Summary: Homes in Estates / Mission Hills had an average of 115 days on market in Oct 2024, up by 235% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Estates / Mission Hills are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 2 homes were sold in Estates / Mission Hills; 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 20 Days Ago

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