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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oak Ridge North is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Oak Ridge North has remained a Seller's Market.

Key Takeaway

Oak Ridge North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Oak Ridge North, TX

How much do homes in Oak Ridge North, TX cost?

Median Sold Price

$359,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$250(+0.1%)

Key Takeaway

The sold price of homes in Oak Ridge North has remained the same since last year.

Summary: The median home sold price in Oak Ridge North was $359,000 in October 2024, up 0.1% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $307K$322.5K
+5.0%
4 $371.2K$362K
-2.5%
5+ $425K$604K
+42.1%

Summary: Oak Ridge North 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 did not change, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 42.1%.

Median Sold Price Compared To Nearby Cities

Spring
+6.3%
Southeast Montgomery
0.3%
Oak Ridge North
0.1%

Housing Supply in Oak Ridge North, TX

How many homes are available in Oak Ridge North, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1012+20.0%

Summary: The Oak Ridge North real estate market had 12 homes for sale in October 2024, a 20.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 42
-50.0%
4 68
+33.3%
5+ 01
+100.0%

Summary: The Oak Ridge North 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 increased by 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 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 Ridge North, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Oak Ridge North in October 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Oak Ridge North, TX

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

Average Sale Time

Oct 2023Oct 2024CHANGE
5 Days9 Days+90.0%

Summary: Homes in Oak Ridge North had an average of 9 days on market in Oct 2024, up by 90% compared to last year.

Breakdown of Home Sale Times

4 Homes Were 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 Oak Ridge North are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 4 homes were sold in Oak Ridge North; 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 16 Days Ago

Newest Listings in Oak Ridge North, TX

Nearby Markets to Oak Ridge North, TX

What housing markets are near Oak Ridge North, TX?