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 neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, People Active in Community Effort was a Seller's Market.

Key Takeaway

People Active in Community Effort is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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 November 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 November 2024, down 4.4% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$134.9K
N/A
2 $218.9K$197.5K
-9.8%
3 $213.9K$204K
-4.7%
4 $245.4K$230.5K
-6.1%
5+ $306.2K$287K
-6.3%

Summary: People Active in Community Effort housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.8%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 6.3%.

Median Sold Price Compared To Nearby Neighborhoods

Southwest
+13.5%
Solana Ridge
-1.8%
People Active in Community Effort
-4.4%

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

Oct 2024Nov 2024CHANGE
104102-1.9%

Summary: The People Active in Community Effort real estate market had 102 homes for sale in November 2024, a 1.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 55
0.0%
3 5652
-7.1%
4 3741
+10.8%
5+ 54
-20.0%

Summary: The People Active in Community Effort housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2416-33.3%

Asking Price vs. Sold Price

8 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. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in People Active in Community Effort in November 2024, down by 33.3% month-over-month. Of the 16 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% 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

Nov 2023Nov 2024CHANGE
56 Days87 Days+56.1%

Summary: Homes in People Active in Community Effort had an average of 87 days on market in Nov 2024, up by 56.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 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 November 2024, 16 homes were sold in People Active in Community Effort; 44% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 31% 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 3 Days Ago

Newest Listings in People Active in Community Effort, TX

Nearby Markets to People Active in Community Effort, TX