Is New Caney, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Caney is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

New Caney 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 New Caney, TX

How much do homes in New Caney, TX cost?

Median Sold Price

$284,333

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,666(-3.6%)

Key Takeaway

Homes in New Caney have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in New Caney was $284,333 in October 2024, down 3.6% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $375K$135.4K
-63.9%
2 $195K$230K
+17.9%
3 $255K$258.5K
+1.4%
4 $320K$294.4K
-8.0%
5+ $360K$342.5K
-4.9%

Summary: New Caney housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.9%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 4.9%.

Median Sold Price Compared To Nearby Cities

Woodbranch
+30.3%
Porter
+5.5%
Roman Forest
+3.2%
New Caney
-3.6%

Housing Supply in New Caney, TX

How many homes are available in New Caney, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
267283+6.0%

Summary: The New Caney real estate market had 283 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 34
+33.3%
3 8790
+3.4%
4 161173
+7.5%
5+ 1414
0.0%

Summary: The New Caney 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 3.4%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4243+2.4%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Caney, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in New Caney in October 2024, up by 2.4% month-over-month. Of the 43 sold homes, 49% were sold under asking, 35% were sold at asking, and 16% were sold over asking.

Days on Market for New Caney, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days43 Days-22.1%

Summary: Homes in New Caney had an average of 43 days on market in Oct 2024, down by 22.1% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 43 homes were sold in New Caney; 51% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

Newest Listings in New Caney, TX

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