Is Greenway / Upper Kirby Area, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greenway / Upper Kirby Area is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Greenway / Upper Kirby Area was a Seller's Market.

Key Takeaway

Greenway / Upper Kirby Area is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Greenway / Upper Kirby Area, TX

How much do homes in Greenway / Upper Kirby Area, TX cost?

Median Sold Price

$550,000

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$17,000(-3.0%)

Key Takeaway

Homes in Greenway / Upper Kirby Area have sold for 3% less than they did a year ago.

Summary: The median home sold price in Greenway / Upper Kirby Area was $550,000 in October 2024, down 3% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130K$157.2K
+21.0%
2 $380K$320K
-15.8%
3 $735K$792.5K
+7.8%
4 $1.3M$1.2M
-10.8%
5+ $2.7M$2.6M
-4.0%

Summary: Greenway / Upper Kirby Area housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 4%.

Median Sold Price Compared To Nearby Neighborhoods

Afton Oaks
+14.4%
River Oaks
+9.1%
University Place
+4.8%
Greenway / Upper Kirby Area
-3.0%

Housing Supply in Greenway / Upper Kirby Area, TX

How many homes are available in Greenway / Upper Kirby Area, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
116146+25.9%

Summary: The Greenway / Upper Kirby Area real estate market had 146 homes for sale in October 2024, a 25.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2330
+30.4%
2 4555
+22.2%
3 2329
+26.1%
4 1521
+40.0%
5+ 1011
+10.0%

Summary: The Greenway / Upper Kirby Area housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.4%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1416+14.3%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greenway / Upper Kirby Area, you may be able to get a good deal. 93.8% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Greenway / Upper Kirby Area in October 2024, up by 14.3% month-over-month. Of the 16 sold homes, 94% were sold under asking, 0% were sold at asking, and 6% were sold over asking.

Days on Market for Greenway / Upper Kirby Area, TX

How long does it take to sell a home in Greenway / Upper Kirby Area, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days52 Days+56.4%

Summary: Homes in Greenway / Upper Kirby Area had an average of 52 days on market in Oct 2024, up by 56.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Greenway / Upper Kirby Area are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 16 homes were sold in Greenway / Upper Kirby Area; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% 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 17 Days Ago

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