$9,024 Closing Credit*
$759,900
3,740 SqFt
5 Beds
•4 Full Baths, 1 Partial
Christopher Boyles, Listing Office: CB Realty
Is New Territory, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
At the same time last year, New Territory was a Seller's Market.
Key Takeaway
New Territory is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Territory, TX
How much do homes in New Territory, TX cost?
Median Sold Price
$507,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
-$23,000(-4.3%)
Key Takeaway
Homes in New Territory have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in New Territory was $507,000 in August 2024, down 4.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $380K | $395.7K | +4.1% |
| 4 Bedrooms | $501.5K | $502K | 0.1% |
| 5+ Bedrooms | $600K | $627.5K | +4.6% |
Summary: New Territory housing prices by bedroom type for August 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 increased by 4.1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in New Territory, TX
How many homes are available in New Territory, TX?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 21 | 27 | +28.6% |
Summary: The New Territory real estate market had 27 homes for sale in August 2024, a 28.6% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The New Territory housing inventory by bedroom type for August 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 100%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 | 2 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in New Territory, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in New Territory in August 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for New Territory, TX
How long does it take to sell a home in New Territory, TX?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 14 Days | 17 Days | +22.1% |
Summary: Homes in New Territory had an average of 17 days on market in Aug 2024, up by 22.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in New Territory are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 2 homes were sold in New Territory; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.