$1,484 Closing Credit*
$125,000
1,020 SqFt
3 Beds
•2 Full Baths
Cynthia Grant, Listing Office: FYI Realty - Humble
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 October 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
$259,500
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,500(+3.8%)
Key Takeaway
Homes in Greater OST / South Union have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Greater OST / South Union was $259,500 in October 2024, up 3.8% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $474K | - | N/A |
| 2 Bedrooms | $136.5K | $115K | -15.8% |
| 3 Bedrooms | $312.5K | $303.1K | -3.0% |
| 4 Bedrooms | $260K | $230K | -11.5% |
| 5+ Bedrooms | $315.2K | $350K | +11.0% |
Summary: Greater OST / South Union 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 decreased by 15.8%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes increased by 11%.
Median Sold Price Compared To Nearby Neighborhoods
| Macgregor | $365K | $390K | +6.8% |
| Greater OST / South Union | $250K | $259.5K | +3.8% |
| Southcrest | $172K | $177K | +2.9% |
| South Park | $175K | $175K | 0.0% |
Housing Supply in Greater OST / South Union, TX
How many homes are available in Greater OST / South Union, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 173 | 218 | +26.0% |
Summary: The Greater OST / South Union real estate market had 218 homes for sale in October 2024, a 26.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 106 | 143 | +34.9% |
| 4 Bedrooms | 44 | 51 | +15.9% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Greater OST / South Union 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 decreased by 5.6%, 3 bedroom homes increased by 34.9%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 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. 60% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Greater OST / South Union in October 2024, up by 4.2% month-over-month. Of the 25 sold homes, 60% were sold under asking, 32% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 62 Days | +16.3% |
Summary: Homes in Greater OST / South Union had an average of 62 days on market in Oct 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Greater OST / South Union has remained consistent over time.
Summary: During October 2024, 25 homes were sold in Greater OST / South Union; 40% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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