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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Holly is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Holly was a Seller's Market.

Key Takeaway

Holly is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Holly, TX

How much do homes in Holly, TX cost?

Median Sold Price

$700,000

$527/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$13,000(+1.9%)

Key Takeaway

Homes in Holly have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Holly was $700,000 in August 2024, up 1.9% from last year, and the median price per square foot was $527.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $400K$390K
-2.5%
2 $600K$627.5K
+4.6%
3 $795K$950K
+19.5%
4 $1.0M$1.6M
+49.5%
5+ -$1.3M
N/A

Summary: Holly housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 49.5%, and 5+ bedroom homes did not change.

Housing Supply in Holly, TX

How many homes are available in Holly, TX?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
3741+10.8%

Summary: The Holly real estate market had 41 homes for sale in August 2024, a 10.8% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 69
+50.0%
2 98
-11.1%
3 910
+11.1%
4 1011
+10.0%
5+ 33
0.0%

Summary: The Holly housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Holly, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Holly in August 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for Holly, TX

How long does it take to sell a home in Holly, TX?

Average Sale Time

Aug 2023Aug 2024CHANGE
48 Days59 Days+24.6%

Summary: Homes in Holly had an average of 59 days on market in Aug 2024, up by 24.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Holly has remained consistent over time.

Summary: During August 2024, 5 homes were sold in Holly; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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 27 Days Ago

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