$8,609 Closing Credit*
$724,995
1,831 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jeff Patterson, Listing Office: Team West Real Estate LLC
Is MLK, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, MLK has remained a Buyer's Market.
Key Takeaway
MLK is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in MLK, TX
How much do homes in MLK, TX cost?
Median Sold Price
$537,750
$426/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$72,250(-11.8%)
Key Takeaway
Homes in MLK have sold for 11.8% less than they did a year ago.
Summary: The median home sold price in MLK was $537,750 in November 2024, down 11.8% from last year, and the median price per square foot was $426.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335.2K | $325K | -3.0% |
| 2 Bedrooms | $530K | $492.7K | -7.0% |
| 3 Bedrooms | $675K | $624.9K | -7.4% |
| 4 Bedrooms | $860K | $846K | -1.6% |
| 5+ Bedrooms | $1.4M | $467.5K | -67.8% |
Summary: MLK housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3%, 2 bedroom homes decreased by 7%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 67.8%.
Housing Supply in MLK, TX
How many homes are available in MLK, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 69 | +21.1% |
Summary: The MLK real estate market had 69 homes for sale in November 2024, a 21.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 17 | 21 | +23.5% |
| 3 Bedrooms | 31 | 35 | +12.9% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The MLK housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in MLK, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in MLK in November 2024, up by 166.7% month-over-month. Of the 8 sold homes, 38% were sold under asking, 50% were sold at asking, and 13% were sold over asking.
Days on Market for MLK, TX
How long does it take to sell a home in MLK, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 77 Days | 45 Days | -40.9% |
Summary: Homes in MLK had an average of 45 days on market in Nov 2024, down by 40.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in MLK are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 8 homes were sold in MLK; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.