$109,995
1.54 Acres
Land
Kimberly Luker, Listing Office: Executive Real Estate
Is New Waverly, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, New Waverly was a Neutral Market.
Key Takeaway
New Waverly is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Waverly, TX
How much do homes in New Waverly, TX cost?
Median Sold Price
$456,450
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,450(+2.6%)
Key Takeaway
Homes in New Waverly have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in New Waverly was $456,450 in October 2024, up 2.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | - | N/A |
| 2 Bedrooms | $182K | $160K | -12.1% |
| 3 Bedrooms | $344.6K | $425K | +23.3% |
| 4 Bedrooms | $452.5K | $495K | +9.4% |
| 5+ Bedrooms | $914K | $685K | -25.1% |
Summary: New Waverly 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 decreased by 12.1%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 25.1%.
Housing Supply in New Waverly, TX
How many homes are available in New Waverly, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The New Waverly real estate market had 37 homes for sale in October 2024, a 19.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The New Waverly housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Waverly, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in New Waverly in October 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for New Waverly, TX
How long does it take to sell a home in New Waverly, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 100 Days | +3244.4% |
Summary: Homes in New Waverly had an average of 100 days on market in Oct 2024, up by 3244.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in New Waverly are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in New Waverly; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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