Is Oak Park - Northwood, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oak Park - Northwood is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Oak Park - Northwood was a Seller's Market.

Key Takeaway

Oak Park - Northwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Oak Park - Northwood, TX

How much do homes in Oak Park - Northwood, TX cost?

Median Sold Price

$490,000

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$43,000(+9.6%)

Key Takeaway

Homes in Oak Park - Northwood have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Oak Park - Northwood was $490,000 in October 2024, up 9.6% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $153K$134K
-12.4%
2 $241.5K$266K
+10.1%
3 $475K$450K
-5.3%
4 $733.5K$640K
-12.7%
5+ $785K$675K
-14.0%

Summary: Oak Park - Northwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes increased by 10.1%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes decreased by 14%.

Housing Supply in Oak Park - Northwood, TX

How many homes are available in Oak Park - Northwood, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
113114+0.9%

Summary: The Oak Park - Northwood real estate market had 114 homes for sale in October 2024, a 0.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1013
+30.0%
2 2527
+8.0%
3 5350
-5.7%
4 2022
+10.0%
5+ 52
-60.0%

Summary: The Oak Park - Northwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 60%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak Park - Northwood, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Oak Park - Northwood in October 2024, down by 27.8% month-over-month. Of the 13 sold homes, 77% were sold under asking, 15% were sold at asking, and 8% were sold over asking.

Days on Market for Oak Park - Northwood, TX

How long does it take to sell a home in Oak Park - Northwood, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
91 Days61 Days-33.1%

Summary: Homes in Oak Park - Northwood had an average of 61 days on market in Oct 2024, down by 33.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oak Park - Northwood are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in Oak Park - Northwood; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 31% 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 22 Days Ago

Newest Listings in Oak Park - Northwood, TX

Nearby Markets to Oak Park - Northwood, TX