Is Pipe Creek, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pipe Creek is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Pipe Creek was a Neutral Market.

Key Takeaway

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

Housing Prices in Pipe Creek, TX

How much do homes in Pipe Creek, TX cost?

Median Sold Price

$407,500

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,500(+1.9%)

Key Takeaway

Homes in Pipe Creek have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Pipe Creek was $407,500 in October 2024, up 1.9% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $175K$135K
-22.9%
2 $190K$301.5K
+58.7%
3 $425K$407.5K
-4.1%
4 $412.5K$563.5K
+36.6%
5+ $544.9K$720K
+32.1%

Summary: Pipe Creek housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.9%, 2 bedroom homes increased by 58.7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes increased by 32.1%.

Median Sold Price Compared To Nearby Cities

Center Point
+37.9%
Pipe Creek
+1.9%
Castroville-LaCoste
+1.9%
San Antonio Northwest
-3.1%

Housing Supply in Pipe Creek, TX

How many homes are available in Pipe Creek, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
92104+13.0%

Summary: The Pipe Creek real estate market had 104 homes for sale in October 2024, a 13.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 46
+50.0%
2 1722
+29.4%
3 5254
+3.8%
4 1214
+16.7%
5+ 78
+14.3%

Summary: The Pipe Creek housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Pipe Creek in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Pipe Creek, TX

How long does it take to sell a home in Pipe Creek, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
134 Days49 Days-63.3%

Summary: Homes in Pipe Creek had an average of 49 days on market in Oct 2024, down by 63.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Pipe Creek; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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

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