$4,631 Closing Credit*
$390,000
1,956 SqFt
3 Beds
•3 Full Baths
Bevan Walker, Listing Office: Allsource Properties
Is Greater OST / South Union, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Greater OST / South Union was a Seller's Market.
Key Takeaway
Greater OST / South Union is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Greater OST / South Union, TX
How much do homes in Greater OST / South Union, TX cost?
Median Sold Price
$250,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$10,000(-3.8%)
Key Takeaway
Homes in Greater OST / South Union have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Greater OST / South Union was $250,000 in December 2024, down 3.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $474K | - | N/A |
| 2 Bedrooms | $139K | $115K | -17.3% |
| 3 Bedrooms | $330K | $290K | -12.1% |
| 4 Bedrooms | $250K | $246K | -1.6% |
| 5+ Bedrooms | $340K | $542.5K | +59.6% |
Summary: Greater OST / South Union housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.3%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 59.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Macgregor | $375K | $375K | 0.0% |
| Greater OST / South Union | $260K | $250K | -3.8% |
| South Park | $178K | $170K | -4.5% |
| Southcrest | $179K | $156K | -12.8% |
Housing Supply in Greater OST / South Union, TX
How many homes are available in Greater OST / South Union, TX?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 174 | 191 | +9.8% |
Summary: The Greater OST / South Union real estate market had 191 homes for sale in December 2024, a 9.8% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 17 | +13.3% |
| 3 Bedrooms | 121 | 132 | +9.1% |
| 4 Bedrooms | 32 | 36 | +12.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Greater OST / South Union housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Greater OST / South Union, you may be able to get a good deal. 70.8% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Greater OST / South Union in December 2024, up by 14.3% month-over-month. Of the 24 sold homes, 71% were sold under asking, 17% were sold at asking, and 13% were sold over asking.
Days on Market for Greater OST / South Union, TX
How long does it take to sell a home in Greater OST / South Union, TX?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 65 Days | 45 Days | -30.7% |
Summary: Homes in Greater OST / South Union had an average of 45 days on market in Dec 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Greater OST / South Union are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 24 homes were sold in Greater OST / South Union; 46% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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