Is People Active in Community Effort, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing People Active in Community Effort is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, People Active in Community Effort has remained a Seller's Market.

Key Takeaway

People Active in Community Effort is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in People Active in Community Effort, TX

How much do homes in People Active in Community Effort, TX cost?

Median Sold Price

$215,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,000(-4.4%)

Key Takeaway

Homes in People Active in Community Effort have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in People Active in Community Effort was $215,000 in October 2024, down 4.4% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$134.9K
N/A
2 $218.9K$185K
-15.5%
3 $212.4K$205.4K
-3.3%
4 $245K$230K
-6.1%
5+ $306.2K$287K
-6.3%

Summary: People Active in Community Effort 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 decreased by 15.5%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 6.3%.

Housing Supply in People Active in Community Effort, TX

How many homes are available in People Active in Community Effort, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
113108-4.4%

Summary: The People Active in Community Effort real estate market had 108 homes for sale in October 2024, a 4.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 6764
-4.5%
4 3633
-8.3%
5+ 35
+66.7%

Summary: The People Active in Community Effort 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 decreased by 16.7%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2024+20.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in People Active in Community Effort, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in People Active in Community Effort in October 2024, up by 20.0% month-over-month. Of the 24 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.

Days on Market for People Active in Community Effort, TX

How long does it take to sell a home in People Active in Community Effort, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
49 Days64 Days+31.0%

Summary: Homes in People Active in Community Effort had an average of 64 days on market in Oct 2024, up by 31% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in People Active in Community Effort are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 24 homes were sold in People Active in Community Effort; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 4 Days Ago

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