$2,672 Closing Credit*
$225,000
1,359 SqFt
3 Beds
•2 Full Baths
Tina Maureen Arceneaux, Listing Office: Better Homes and Gardens Real Estate Gary Greene - The Woodlands
Is Panorama Village, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Panorama Village has remained a Seller's Market.
Key Takeaway
Panorama Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Panorama Village, TX
How much do homes in Panorama Village, TX cost?
Median Sold Price
$305,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$25,000(+8.9%)
Key Takeaway
Homes in Panorama Village have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in Panorama Village was $305,000 in August 2024, up 8.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214.8K | $205K | -4.6% |
| 2 Bedrooms | $225.8K | $227K | 0.5% |
| 3 Bedrooms | $308.4K | $310K | 0.5% |
| 4 Bedrooms | $337.5K | $360K | +6.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Panorama Village housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.6%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Panorama Village | $280K | $305K | +8.9% |
| Conroe | $330.6K | $332.9K | +0.7% |
Housing Supply in Panorama Village, TX
How many homes are available in Panorama Village, TX?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Panorama Village real estate market had 28 homes for sale in August 2024, a 16.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 11 | 13 | +18.2% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Panorama Village housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Panorama Village, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Panorama Village in August 2024, up by 400.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Panorama Village, TX
How long does it take to sell a home in Panorama Village, TX?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 26 Days | 55 Days | +111.1% |
Summary: Homes in Panorama Village had an average of 55 days on market in Aug 2024, up by 111.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Panorama Village are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 5 homes were sold in Panorama Village; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.