Is Parker Lane, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Parker Lane is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Parker Lane has remained a Buyer's Market.

Key Takeaway

Parker Lane is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Parker Lane, TX

How much do homes in Parker Lane, TX cost?

Median Sold Price

$317,500

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$52,500(-14.2%)

Key Takeaway

Homes in Parker Lane have sold for 14.2% less than they did a year ago.

Summary: The median home sold price in Parker Lane was $317,500 in November 2024, down 14.2% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $222.5K$180K
-19.1%
2 $352.4K$251.7K
-28.6%
3 $465K$415K
-10.8%
4 $675K$628.5K
-6.9%
5+ --
N/A

Summary: Parker Lane housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes did not change.

Housing Supply in Parker Lane, TX

How many homes are available in Parker Lane, TX?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3332-3.0%

Summary: The Parker Lane real estate market had 32 homes for sale in November 2024, a 3.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 66
0.0%
2 1614
-12.5%
3 910
+11.1%
4 22
0.0%
5+ 00
0.0%

Summary: The Parker Lane housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Parker Lane, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Parker Lane in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Parker Lane, TX

How long does it take to sell a home in Parker Lane, TX?

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days188 Days+348.8%

Summary: Homes in Parker Lane had an average of 188 days on market in Nov 2024, up by 348.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Parker Lane are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Parker Lane; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 Parker Lane, TX

Nearby Markets to Parker Lane, TX