$99,000
0.97 Acres
Land
Joe Iley, Listing Office: Mission Real Estate Group
Is Minnetex, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Minnetex has remained a Seller's Market.
Key Takeaway
Minnetex is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Minnetex, TX
How much do homes in Minnetex, TX cost?
Median Sold Price
$258,950
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,955(+0.8%)
Key Takeaway
Homes in Minnetex have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Minnetex was $258,950 in October 2024, up 0.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125K | - | N/A |
| 2 Bedrooms | $175K | $462.5K | +164.3% |
| 3 Bedrooms | $255K | $249.9K | -2.0% |
| 4 Bedrooms | $289K | $310K | +7.3% |
| 5+ Bedrooms | $345K | - | N/A |
Summary: Minnetex 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 increased by 164.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Minnetex | $256.9K | $258.9K | +0.8% |
| Southeast Houston | $230K | $230K | 0% |
| South Park | $175K | $175K | 0.0% |
| South Acres / Crestmont Park | $235K | $233K | -0.9% |
| Greater Hobby Area | $267K | $261.5K | -2.1% |
Housing Supply in Minnetex, TX
How many homes are available in Minnetex, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 35 | +40.0% |
Summary: The Minnetex real estate market had 35 homes for sale in October 2024, a 40.0% increase 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 15 | 21 | +40.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Minnetex 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 increased by 33.3%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Minnetex, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Minnetex in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Minnetex, TX
How long does it take to sell a home in Minnetex, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 24 Days | +48.5% |
Summary: Homes in Minnetex had an average of 24 days on market in Oct 2024, up by 48.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Minnetex are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Minnetex; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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