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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meyerland Area is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Meyerland Area 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 Meyerland Area, TX

How much do homes in Meyerland Area, TX cost?

Median Sold Price

$475,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,000(+5.6%)

Key Takeaway

Homes in Meyerland Area have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Meyerland Area was $475,000 in October 2024, up 5.6% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $86K$90K
+4.7%
2 $109K$118K
+8.3%
3 $382.9K$428K
+11.8%
4 $485K$504K
+3.9%
5+ $725K$862K
+18.9%

Summary: Meyerland Area housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 18.9%.

Median Sold Price Compared To Nearby Neighborhoods

South Gessner
+12.0%
Meyerland Area
+5.6%
Willow Meadows / Willowbend Area
-0.7%
Westbury
-3.6%

Housing Supply in Meyerland Area, TX

How many homes are available in Meyerland Area, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
84102+21.4%

Summary: The Meyerland Area real estate market had 102 homes for sale in October 2024, a 21.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 4348
+11.6%
4 3342
+27.3%
5+ 711
+57.1%

Summary: The Meyerland Area 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 increased by 11.6%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
17170.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meyerland Area, you may be able to get a good deal. 88.2% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Meyerland Area in October 2024, the same as the previous month. Of the 17 sold homes, 88% were sold under asking, 12% were sold at asking, and 0% were sold over asking.

Days on Market for Meyerland Area, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days34 Days-1.6%

Summary: Homes in Meyerland Area had an average of 34 days on market in Oct 2024, down by 1.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 17 homes were sold in Meyerland Area; 53% of homes were sold within 30 days, 47% 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 13 Days Ago

Newest Listings in Meyerland Area, TX

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