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 20 Days Ago

Newest Listings in May, TX

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