$3,503 Closing Credit*
$295,000
2,272 SqFt
3 Beds
•2 Full Baths, 1 Partial
Elio Lombera, Listing Office: eXp Realty LLC
Is Hockley, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Hockley was a Seller's Market.
Key Takeaway
Hockley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hockley, TX
How much do homes in Hockley, TX cost?
Median Sold Price
$324,215
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,254(+8.1%)
Key Takeaway
Homes in Hockley have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Hockley was $324,215 in November 2024, up 8.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | - | N/A |
| 2 Bedrooms | $325K | $525K | +61.5% |
| 3 Bedrooms | $269.5K | $285.6K | +6.0% |
| 4 Bedrooms | $323.8K | $380K | +17.3% |
| 5+ Bedrooms | $462.6K | $453.9K | -1.9% |
Summary: Hockley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes decreased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Hockley | $299.9K | $324.2K | +8.1% |
| Houston | $310K | $319.9K | +3.2% |
| Northwest Harris | $339.8K | $350.1K | +3.0% |
| Prairie View-Waller | $377.2K | $375K | -0.6% |
Housing Supply in Hockley, TX
How many homes are available in Hockley, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 182 | 207 | +13.7% |
Summary: The Hockley real estate market had 207 homes for sale in November 2024, a 13.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 80 | 98 | +22.5% |
| 4 Bedrooms | 84 | 82 | -2.4% |
| 5+ Bedrooms | 15 | 24 | +60.0% |
Summary: The Hockley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.5%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 20 | -39.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hockley, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Hockley in November 2024, down by 39.4% month-over-month. Of the 20 sold homes, 45% were sold under asking, 50% were sold at asking, and 5% were sold over asking.
Days on Market for Hockley, TX
How long does it take to sell a home in Hockley, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 59 Days | +20.0% |
Summary: Homes in Hockley had an average of 59 days on market in Nov 2024, up by 20% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hockley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 20 homes were sold in Hockley; 45% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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