Is Georgian Acres, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Georgian Acres is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Georgian Acres has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Georgian Acres, TX

How much do homes in Georgian Acres, TX cost?

Median Sold Price

$309,500

$262/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$19,500(+6.7%)

Key Takeaway

Homes in Georgian Acres have sold for 6.7% more than they did a month ago.

Summary: The median home sold price in Georgian Acres was $309,500 in October 2024, up 6.7% from last month, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $290K$309.5K
+6.7%
4 --
N/A
5+ --
N/A

Summary: Georgian Acres housing prices by bedroom type for October 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 increased by 6.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Georgian Acres, TX

How many homes are available in Georgian Acres, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2022+10.0%

Summary: The Georgian Acres real estate market had 22 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 00
0.0%
3 1514
-6.7%
4 46
+50.0%
5+ 00
0.0%

Summary: The Georgian Acres housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 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 Georgian Acres, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Georgian Acres in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Georgian Acres, TX

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

Average Sale Time

Sep 2024Oct 2024CHANGE
155 Days62 Days-59.7%

Summary: Homes in Georgian Acres had an average of 62 days on market in Oct 2024, down by 59.7% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Georgian Acres; 50% of homes were sold within 30 days, 0% 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 21 Days Ago

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