Is Lake McQueeney Area, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake McQueeney Area is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Lake McQueeney Area was a Seller's Market.

Key Takeaway

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

Housing Prices in Lake McQueeney Area, TX

How much do homes in Lake McQueeney Area, TX cost?

Median Sold Price

$442,000

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$42,000(+10.5%)

Key Takeaway

Homes in Lake McQueeney Area have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Lake McQueeney Area was $442,000 in December 2024, up 10.5% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $290K$285K
-1.7%
3 $400K$447.4K
+11.9%
4 $399.4K$424.9K
+6.4%
5+ $522.4K$1.1M
+120.1%

Summary: Lake McQueeney Area housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 120.1%.

Housing Supply in Lake McQueeney Area, TX

How many homes are available in Lake McQueeney Area, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
8992+3.4%

Summary: The Lake McQueeney Area real estate market had 92 homes for sale in December 2024, a 3.4% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 3639
+8.3%
4 4544
-2.2%
5+ 66
0.0%

Summary: The Lake McQueeney Area housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake McQueeney Area, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Lake McQueeney Area in December 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Lake McQueeney Area, TX

How long does it take to sell a home in Lake McQueeney Area, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
38 Days193 Days+404.1%

Summary: Homes in Lake McQueeney Area had an average of 193 days on market in Dec 2024, up by 404.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lake McQueeney Area are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 4 homes were sold in Lake McQueeney Area; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 2 Days Ago

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