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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kelliwood is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Kelliwood has remained a Seller's Market.

Key Takeaway

Kelliwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kelliwood, TX

How much do homes in Kelliwood, TX cost?

Median Sold Price

$425,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$43,000(+11.3%)

Key Takeaway

Homes in Kelliwood have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in Kelliwood was $425,000 in October 2024, up 11.3% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$161K
N/A
3 $343.7K$339K
-1.4%
4 $395.5K$430K
+8.7%
5+ $473K$539K
+14.0%

Summary: Kelliwood 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 did not change, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 14%.

Housing Supply in Kelliwood, TX

How many homes are available in Kelliwood, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3133+6.5%

Summary: The Kelliwood real estate market had 33 homes for sale in October 2024, a 6.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1312
-7.7%
4 1717
0.0%
5+ 13
+200.0%

Summary: The Kelliwood 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 increased by 100%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
89+12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kelliwood, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Kelliwood in October 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.

Days on Market for Kelliwood, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days25 Days+19.4%

Summary: Homes in Kelliwood had an average of 25 days on market in Oct 2024, up by 19.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Kelliwood; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% 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 15 Days Ago

Newest Listings in Kelliwood, TX

Nearby Markets to Kelliwood, TX