$3,503 Closing Credit*
$295,000
2,269 SqFt
4 Beds
•1 Full Bath
Maria Ferreira, Listing Office: eXp Realty
Is Great Northwest, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Great Northwest has remained a Seller's Market.
Key Takeaway
Great Northwest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Great Northwest, TX
How much do homes in Great Northwest, TX cost?
Median Sold Price
$240,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$7,211(-2.9%)
Key Takeaway
Homes in Great Northwest have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Great Northwest was $240,000 in October 2024, down 2.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $214.5K | $225K | +4.9% |
| 3 Bedrooms | $245K | $240K | -2.0% |
| 4 Bedrooms | $271.2K | $253K | -6.7% |
| 5+ Bedrooms | $271.2K | - | N/A |
Summary: Great Northwest 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 increased by 4.9%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Great Northwest | $247.2K | $240K | -2.9% |
| Westchester Oaks | $275K | $265K | -3.6% |
Housing Supply in Great Northwest, TX
How many homes are available in Great Northwest, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 64 | -3.0% |
Summary: The Great Northwest real estate market had 64 homes for sale in October 2024, a 3.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 45 | 44 | -2.2% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Great Northwest 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 increased by 100%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 13 | -7.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Great Northwest, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Great Northwest in October 2024, down by 7.1% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.
Days on Market for Great Northwest, TX
How long does it take to sell a home in Great Northwest, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 45 Days | -13.5% |
Summary: Homes in Great Northwest had an average of 45 days on market in Oct 2024, down by 13.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Great Northwest are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in Great Northwest; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved.