Is Falcon Pointe, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Falcon Pointe is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Falcon Pointe has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Falcon Pointe, TX

How much do homes in Falcon Pointe, TX cost?

Median Sold Price

$555,000

$179/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$92,500(+20.0%)

Key Takeaway

Homes in Falcon Pointe have sold for 20% more than they did a month ago.

Summary: The median home sold price in Falcon Pointe was $555,000 in November 2024, up 20% from last month, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $462.5K$550K
+18.9%
5+ -$590K
N/A

Summary: Falcon Pointe housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 18.9%, and 5+ bedroom homes did not change.

Housing Supply in Falcon Pointe, TX

How many homes are available in Falcon Pointe, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2021+5.0%

Summary: The Falcon Pointe real estate market had 21 homes for sale in November 2024, a 5.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 34
+33.3%
4 1414
0.0%
5+ 33
0.0%

Summary: The Falcon Pointe housing inventory by bedroom type for November 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Falcon Pointe, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Falcon Pointe in November 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Falcon Pointe, TX

How long does it take to sell a home in Falcon Pointe, TX?

Average Sale Time

Oct 2024Nov 2024CHANGE
61 Days68 Days+11.2%

Summary: Homes in Falcon Pointe had an average of 68 days on market in Nov 2024, up by 11.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 6 homes were sold in Falcon Pointe; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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 17 Days Ago

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