Is Freeport, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Freeport is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Freeport was a Neutral Market.

Key Takeaway

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

Housing Prices in Freeport, TX

How much do homes in Freeport, TX cost?

Median Sold Price

$277,500

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,833(-3.8%)

Key Takeaway

Homes in Freeport have sold for 3.8% less than they did a year ago.

Summary: The median home sold price in Freeport was $277,500 in October 2024, down 3.8% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $149.9K$210K
+40.1%
2 $278.2K$259.9K
-6.6%
3 $316.2K$260K
-17.8%
4 $305K$435K
+42.6%
5+ $649K$537.5K
-17.2%

Summary: Freeport housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.1%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes decreased by 17.8%, 4 bedroom homes increased by 42.6%, and 5+ bedroom homes decreased by 17.2%.

Median Sold Price Compared To Nearby Cities

Lake Jackson
+2.4%
Brazosport
-1.3%
Freeport
-3.8%

Housing Supply in Freeport, TX

How many homes are available in Freeport, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
203231+13.8%

Summary: The Freeport real estate market had 231 homes for sale in October 2024, a 13.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 47
+75.0%
2 3236
+12.5%
3 104117
+12.5%
4 4954
+10.2%
5+ 1417
+21.4%

Summary: The Freeport housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
819+137.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Freeport, you may be able to get a good deal. 73.7% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Freeport in October 2024, up by 137.5% month-over-month. Of the 19 sold homes, 74% were sold under asking, 21% were sold at asking, and 5% were sold over asking.

Days on Market for Freeport, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
117 Days136 Days+16.6%

Summary: Homes in Freeport had an average of 136 days on market in Oct 2024, up by 16.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 19 homes were sold in Freeport; 16% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 47% 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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