Is Northwest Crossing, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Crossing is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Northwest Crossing was a Seller's Market.

Key Takeaway

Northwest Crossing 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 Northwest Crossing, TX

How much do homes in Northwest Crossing, TX cost?

Median Sold Price

$255,000

$161/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since December 2023.

Key Takeaway

The sold price of homes in Northwest Crossing has remained the same since last year.

Summary: The median home sold price in Northwest Crossing was $255,000 in December 2024, the same as last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $116K-
N/A
2 $189K$190K
0.5%
3 $250K$247K
-1.2%
4 $310K$315K
+1.6%
5+ $750K$337K
-55.1%

Summary: Northwest Crossing housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 55.1%.

Housing Supply in Northwest Crossing, TX

How many homes are available in Northwest Crossing, TX?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5148-5.9%

Summary: The Northwest Crossing real estate market had 48 homes for sale in December 2024, a 5.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 66
0.0%
3 3334
+3.0%
4 106
-40.0%
5+ 22
0.0%

Summary: The Northwest Crossing housing inventory by bedroom type for December 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 3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
770.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Crossing, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Northwest Crossing in December 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.

Days on Market for Northwest Crossing, TX

How long does it take to sell a home in Northwest Crossing, TX?

Average Sale Time

Dec 2023Dec 2024CHANGE
47 Days64 Days+36.1%

Summary: Homes in Northwest Crossing had an average of 64 days on market in Dec 2024, up by 36.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Northwest Crossing has remained consistent over time.

Summary: During December 2024, 7 homes were sold in Northwest Crossing; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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 2 Days Ago

Newest Listings in Northwest Crossing, TX

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