Is Pecan Valley, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pecan Valley is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Pecan Valley was a Buyer's Market.

Key Takeaway

Pecan Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pecan Valley, TX

How much do homes in Pecan Valley, TX cost?

Median Sold Price

$207,999

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$28,000(-11.9%)

Key Takeaway

Homes in Pecan Valley have sold for 11.9% less than they did a year ago.

Summary: The median home sold price in Pecan Valley was $207,999 in October 2024, down 11.9% from last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $172.2K$182K
+5.7%
3 $228.7K$197.9K
-13.4%
4 $251.2K$209.9K
-16.4%
5+ $328.9K$335K
+1.8%

Summary: Pecan Valley 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 increased by 5.7%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 1.8%.

Median Sold Price Compared To Nearby Neighborhoods

Highland Hills
+4.5%
Pecan Valley
-11.9%

Housing Supply in Pecan Valley, TX

How many homes are available in Pecan Valley, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2925-13.8%

Summary: The Pecan Valley real estate market had 25 homes for sale in October 2024, a 13.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1815
-16.7%
4 98
-11.1%
5+ 00
0.0%

Summary: The Pecan Valley 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 remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
880.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pecan Valley, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Pecan Valley in October 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Pecan Valley, TX

How long does it take to sell a home in Pecan Valley, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
75 Days29 Days-61.3%

Summary: Homes in Pecan Valley had an average of 29 days on market in Oct 2024, down by 61.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 8 homes were sold in Pecan Valley; 50% of homes were sold within 30 days, 50% 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 Pecan Valley, TX

Nearby Markets to Pecan Valley, TX