Is Independence Heights, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Independence Heights is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Independence Heights, TX

How much do homes in Independence Heights, TX cost?

Median Sold Price

$369,325

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,175(-1.4%)

Key Takeaway

Homes in Independence Heights have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Independence Heights was $369,325 in November 2024, down 1.4% from last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$527K
N/A
2 $217.5K$282.4K
+29.9%
3 $379.9K$379.9K
0%
4 $305K$298K
-2.3%
5+ $259K$2.7M
+948.6%

Summary: Independence Heights 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 29.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 948.6%.

Median Sold Price Compared To Nearby Neighborhoods

Garden Oaks
+12.0%
Central Northwest
+2.9%
Greater Heights / Houston Heights
0.0%
Northside / Northline
-1.0%
Independence Heights
-1.4%

Housing Supply in Independence Heights, TX

How many homes are available in Independence Heights, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
148172+16.2%

Summary: The Independence Heights real estate market had 172 homes for sale in November 2024, a 16.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 3130
-3.2%
3 108128
+18.5%
4 69
+50.0%
5+ 34
+33.3%

Summary: The Independence Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1411-21.4%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Independence Heights, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Independence Heights in November 2024, down by 21.4% month-over-month. Of the 11 sold homes, 55% were sold under asking, 45% were sold at asking, and 0% were sold over asking.

Days on Market for Independence Heights, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days23 Days-47.1%

Summary: Homes in Independence Heights had an average of 23 days on market in Nov 2024, down by 47.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 11 homes were sold in Independence Heights; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% 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 21 Days Ago

Newest Listings in Independence Heights, TX

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