$10,000 Closing Credit*
$924,900
4,379 SqFt
5 Beds
•3 Full Baths, 1 Partial
Brenda Norwood, Listing Office: Better Homes and Gardens Real Estate Gary Greene - The Woodlands
Is Kingwood Area, 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, Kingwood Area was a Seller's Market.
Key Takeaway
Kingwood Area is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kingwood Area, TX
How much do homes in Kingwood Area, TX cost?
Median Sold Price
$353,230
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,580(+7.5%)
Key Takeaway
Homes in Kingwood Area have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Kingwood Area was $353,230 in November 2024, up 7.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $151.7K | -0.8% |
| 2 Bedrooms | $229.9K | $227K | -1.3% |
| 3 Bedrooms | $261.9K | $275.1K | +5.0% |
| 4 Bedrooms | $357.9K | $375.1K | +4.8% |
| 5+ Bedrooms | $512.5K | $528K | +3.0% |
Summary: Kingwood Area housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Neighborhoods
| Kingwood Area | $328.6K | $353.2K | +7.5% |
| Kingwood | $337.7K | $358K | +6.0% |
| Lake Houston | $354.6K | $365.5K | +3.1% |
Housing Supply in Kingwood Area, TX
How many homes are available in Kingwood Area, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 310 | 357 | +15.2% |
Summary: The Kingwood Area real estate market had 357 homes for sale in November 2024, a 15.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 5 | +150.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 92 | 98 | +6.5% |
| 4 Bedrooms | 162 | 191 | +17.9% |
| 5+ Bedrooms | 42 | 51 | +21.4% |
Summary: The Kingwood Area housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 73 | 56 | -23.3% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kingwood Area, you may be able to get a good deal. 66.1% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Kingwood Area in November 2024, down by 23.3% month-over-month. Of the 56 sold homes, 66% were sold under asking, 25% were sold at asking, and 9% were sold over asking.
Days on Market for Kingwood Area, TX
How long does it take to sell a home in Kingwood Area, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 36 Days | +26.0% |
Summary: Homes in Kingwood Area had an average of 36 days on market in Nov 2024, up by 26% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kingwood Area are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 56 homes were sold in Kingwood Area; 57% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.