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 December 2023

Since last year, Oak Park - Northwood has remained a Buyer'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

$450,000

$236/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$30,000(-6.3%)

Key Takeaway

Homes in Oak Park - Northwood have sold for 6.2% less than they did a year ago.

Summary: The median home sold price in Oak Park - Northwood was $450,000 in December 2024, down 6.3% from last year, and the median price per square foot was $236.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $155K$133.2K
-14.0%
2 $253K$262.5K
+3.8%
3 $472K$448K
-5.1%
4 $710K$629.5K
-11.3%
5+ $800K$635K
-20.6%

Summary: Oak Park - Northwood housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14%, 2 bedroom homes increased by 3.8%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes decreased by 20.6%.

Median Sold Price Compared To Nearby Neighborhoods

Oak Park - Northwood
-6.3%
Northridge Park
-13.9%

Housing Supply in Oak Park - Northwood, TX

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

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
9493-1.1%

Summary: The Oak Park - Northwood real estate market had 93 homes for sale in December 2024, a 1.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 89
+12.5%
2 2224
+9.1%
3 4843
-10.4%
4 1517
+13.3%
5+ 10
-100.0%

Summary: The Oak Park - Northwood housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
149-35.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was 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. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Oak Park - Northwood in December 2024, down by 35.7% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% 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

Dec 2023Dec 2024CHANGE
55 Days93 Days+67.3%

Summary: Homes in Oak Park - Northwood had an average of 93 days on market in Dec 2024, up by 67.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Oak Park - Northwood has remained consistent over time.

Summary: During December 2024, 9 homes were sold in Oak Park - Northwood; 11% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 33% 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

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