Housing Prices in May, TX

How much do homes in May, TX cost?

Median List Price

$271,000

$201/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$81,100(+42.7%)

Key Takeaway

The list price of homes in May has increased by 42.7% since last year.

Summary: The median home list price in May was $271,000 in October 2024, up 42.7% from the previous year, and the median price per square foot was $201.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $75K$79.9K
+6.5%
2 $145K$294K
+102.8%
3 $189.9K$219.7K
+15.7%
4 $1.0M$990K
-5.3%
5+ -$1.4M
N/A

Summary: May housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 102.8%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes did not change.

Housing Supply in May, TX

How many homes are available in May, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1619+18.8%

Summary: The May real estate market had 19 homes for sale in October 2024, a 18.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 34
+33.3%
3 710
+42.9%
4 33
0.0%
5+ 22
0.0%

Summary: The May housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 42.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for May, TX

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

Average Listing Age

Oct 2023Oct 2024CHANGE
195 Days126 Days-35.2%

Summary: Homes in May had an average listing age of 126 days in Oct 2024, down by 35.2% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in May, TX

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