$6,472 Closing Credit*
$545,000
3,425 SqFt
4 Beds
•3 Full Baths, 1 Partial
Lance Loken, Listing Office: Keller Williams Platinum
Is Long Meadow Farms, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Long Meadow Farms was a Seller's Market.
Key Takeaway
Long Meadow Farms 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 Long Meadow Farms, TX
How much do homes in Long Meadow Farms, TX cost?
Median Sold Price
$530,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,000(+11.6%)
Key Takeaway
Homes in Long Meadow Farms have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Long Meadow Farms was $530,000 in October 2024, up 11.6% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $385.5K | $432.5K | +12.2% |
| 4 Bedrooms | $475K | $527.5K | +11.1% |
| 5+ Bedrooms | $635K | $655K | +3.1% |
Summary: Long Meadow Farms 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 increased by 12.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Long Meadow Farms | $475K | $530K | +11.6% |
| Waterside Estates | $377.2K | $413.7K | +9.7% |
| Grand Misstion Estates | $425K | $429K | +0.9% |
Housing Supply in Long Meadow Farms, TX
How many homes are available in Long Meadow Farms, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Summary: The Long Meadow Farms real estate market had 31 homes for sale in October 2024, a 8.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 20 | 19 | -5.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Long Meadow Farms 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Long Meadow Farms, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Long Meadow Farms in October 2024, down by 50.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Long Meadow Farms, TX
How long does it take to sell a home in Long Meadow Farms, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 43 Days | +34.3% |
Summary: Homes in Long Meadow Farms had an average of 43 days on market in Oct 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Long Meadow Farms are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Long Meadow Farms; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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”.