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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Govalle is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Govalle was a Seller's Market.

Key Takeaway

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

Housing Prices in Govalle, TX

How much do homes in Govalle, TX cost?

Median Sold Price

$630,750

$481/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$99,250(-13.6%)

Key Takeaway

Homes in Govalle have sold for 13.6% less than they did a year ago.

Summary: The median home sold price in Govalle was $630,750 in August 2024, down 13.6% from last year, and the median price per square foot was $481.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $467.5K$498.2K
+6.6%
2 $665K$615K
-7.5%
3 $815K$650K
-20.2%
4 $860K$1.1M
+29.1%
5+ $2.2M$600K
-73.3%

Summary: Govalle housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 20.2%, 4 bedroom homes increased by 29.1%, and 5+ bedroom homes decreased by 73.3%.

Housing Supply in Govalle, TX

How many homes are available in Govalle, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
5771+24.6%

Summary: The Govalle real estate market had 71 homes for sale in August 2024, a 24.6% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 35
+66.7%
2 1620
+25.0%
3 2930
+3.4%
4 914
+55.6%
5+ 02
+100.0%

Summary: The Govalle housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

6 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 Govalle, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Govalle in August 2024, up by 50.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Govalle, TX

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

Average Sale Time

Aug 2023Aug 2024CHANGE
86 Days100 Days+16.6%

Summary: Homes in Govalle had an average of 100 days on market in Aug 2024, up by 16.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 6 homes were sold in Govalle; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 27 Days Ago

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