Is North Loop, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Loop is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, North Loop has remained a Buyer's Market.

Key Takeaway

North Loop is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Loop, TX

How much do homes in North Loop, TX cost?

Median Sold Price

$575,000

$480/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$55,000(-8.7%)

Key Takeaway

Homes in North Loop have sold for 8.7% less than they did a year ago.

Summary: The median home sold price in North Loop was $575,000 in November 2024, down 8.7% from last year, and the median price per square foot was $480.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $285K$192.5K
-32.5%
2 $545K$518.7K
-4.8%
3 $650K$613.7K
-5.6%
4 $995K$962.5K
-3.3%
5+ $852.3K$1.2M
+43.1%

Summary: North Loop housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.5%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 43.1%.

Housing Supply in North Loop, TX

How many homes are available in North Loop, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3335+6.1%

Summary: The North Loop real estate market had 35 homes for sale in November 2024, a 6.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 42
-50.0%
2 1013
+30.0%
3 1316
+23.1%
4 20
-100.0%
5+ 44
0.0%

Summary: The North Loop housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
61-83.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Loop, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in North Loop in November 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for North Loop, TX

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

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days28 Days-17.6%

Summary: Homes in North Loop had an average of 28 days on market in Nov 2024, down by 17.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 1 homes were sold in North Loop; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

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