Is Miramesa, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Miramesa is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Miramesa 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 Miramesa, TX

How much do homes in Miramesa, TX cost?

Median Sold Price

$387,500

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$34,500(-8.2%)

Key Takeaway

Homes in Miramesa have sold for 8.2% less than they did a year ago.

Summary: The median home sold price in Miramesa was $387,500 in September 2024, down 8.2% from last year, and the median price per square foot was $160.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 --
N/A
3 $360K$355K
-1.4%
4 $447.5K$422K
-5.7%
5+ $608K$485K
-20.2%

Summary: Miramesa housing prices by bedroom type for September 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 decreased by 1.4%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 20.2%.

Median Sold Price Compared To Nearby Neighborhoods

Cypress
+3.1%
Cypress Creek Lakes
+2.2%
Towne Lake
-0.9%
Miramesa
-8.2%

Housing Supply in Miramesa, TX

How many homes are available in Miramesa, TX?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2730+11.1%

Summary: The Miramesa real estate market had 30 homes for sale in September 2024, a 11.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 00
0.0%
3 87
-12.5%
4 1516
+6.7%
5+ 47
+75.0%

Summary: The Miramesa housing inventory by bedroom type for September 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 12.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Miramesa, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Miramesa in September 2024, down by 28.6% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Miramesa, TX

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

Average Sale Time

Sep 2023Sep 2024CHANGE
10 Days90 Days+780.0%

Summary: Homes in Miramesa had an average of 90 days on market in Sep 2024, up by 780% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Miramesa has remained consistent over time.

Summary: During September 2024, 5 homes were sold in Miramesa; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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 Sep 1, 2024

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