Is Hockley, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hockley is a buyer's market

Buyer's
Market

Difference Since October 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

$320,000

$164/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,040(+7.0%)

Key Takeaway

Homes in Hockley have sold for 7% more than they did a year ago.

Summary: The median home sold price in Hockley was $320,000 in October 2024, up 7% from last year, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110K-
N/A
2 $260K$667K
+156.5%
3 $270.4K$285K
+5.4%
4 $325K$367.5K
+13.1%
5+ $440K$425K
-3.4%

Summary: Hockley 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 156.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 3.4%.

Median Sold Price Compared To Nearby Cities

Hockley
+7.0%
Northwest Harris
+5.1%
Houston
+2.5%
Prairie View-Waller
+0.9%

Housing Supply in Hockley, TX

How many homes are available in Hockley, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
171206+20.5%

Summary: The Hockley real estate market had 206 homes for sale in October 2024, a 20.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 7490
+21.6%
4 7892
+17.9%
5+ 1521
+40.0%

Summary: The Hockley 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 decreased by 33.3%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
28280.0%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hockley, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Hockley in October 2024, the same as the previous month. Of the 28 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% 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

Oct 2023Oct 2024CHANGE
22 Days59 Days+165.0%

Summary: Homes in Hockley had an average of 59 days on market in Oct 2024, up by 165% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hockley are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 28 homes were sold in Hockley; 43% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% 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 20 Days Ago

Newest Listings in Hockley, TX

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