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 seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Northwest Crossing has remained a Seller's Market.

Key Takeaway

Northwest Crossing is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northwest Crossing, TX

How much do homes in Northwest Crossing, TX cost?

Median Sold Price

$240,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$15,000(-5.9%)

Key Takeaway

Homes in Northwest Crossing have sold for 5.9% less than they did a year ago.

Summary: The median home sold price in Northwest Crossing was $240,000 in October 2024, down 5.9% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $116K-
N/A
2 $189K$192.5K
+1.9%
3 $251K$237K
-5.6%
4 $310K$317.5K
+2.4%
5+ $750K$454.9K
-39.3%

Summary: Northwest Crossing 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 increased by 1.9%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 39.3%.

Housing Supply in Northwest Crossing, TX

How many homes are available in Northwest Crossing, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4750+6.4%

Summary: The Northwest Crossing real estate market had 50 homes for sale in October 2024, a 6.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 2833
+17.9%
4 109
-10.0%
5+ 22
0.0%

Summary: The Northwest Crossing 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 decreased by 14.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
990.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was 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. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Northwest Crossing in October 2024, the same as the previous month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% 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

Oct 2023Oct 2024CHANGE
25 Days60 Days+140.0%

Summary: Homes in Northwest Crossing had an average of 60 days on market in Oct 2024, up by 140% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 9 homes were sold in Northwest Crossing; 22% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 11% 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 4 Days Ago

Newest Listings in Northwest Crossing, TX

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