Is Legend Point, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Legend Point is a buyer's market

Buyer's
Market

Difference Since December 2023

Since last year, Legend Point has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Legend Point, TX

How much do homes in Legend Point, TX cost?

Median Sold Price

$297,606

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$27,894(-8.6%)

Key Takeaway

Homes in Legend Point have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Legend Point was $297,606 in December 2024, down 8.6% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $301.5K$289K
-4.1%
4 $348.3K$299.9K
-13.9%
5+ $385K$288K
-25.2%

Summary: Legend Point 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 did not change, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes decreased by 25.2%.

Housing Supply in Legend Point, TX

How many homes are available in Legend Point, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1114+27.3%

Summary: The Legend Point real estate market had 14 homes for sale in December 2024, a 27.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 46
+50.0%
5+ 12
+100.0%

Summary: The Legend Point 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Legend Point, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Legend Point in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Legend Point, TX

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

Average Sale Time

Dec 2023Dec 2024CHANGE
223 Days26 Days-88.3%

Summary: Homes in Legend Point had an average of 26 days on market in Dec 2024, down by 88.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 1 homes were sold in Legend Point; 100% of homes were sold within 30 days, 0% 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 6 Days Ago

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