Is Point Venture, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Point Venture is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Point Venture has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Point Venture, TX

How much do homes in Point Venture, TX cost?

Median Sold Price

$506,999

$217/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$278,000(-35.4%)

Key Takeaway

Homes in Point Venture have sold for 35.4% less than they did a month ago.

Summary: The median home sold price in Point Venture was $506,999 in October 2024, down 35.4% from last month, and the median price per square foot was $217.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 -$549.9K
N/A
4 -$464K
N/A
5+ $785K-
N/A

Summary: Point Venture housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Point Venture, TX

How many homes are available in Point Venture, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3138+22.6%

Summary: The Point Venture real estate market had 38 homes for sale in October 2024, a 22.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 46
+50.0%
3 1821
+16.7%
4 710
+42.9%
5+ 21
-50.0%

Summary: The Point Venture 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 increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

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 Point Venture, 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 Point Venture in October 2024, up by 100.0% 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 Point Venture, TX

How long does it take to sell a home in Point Venture, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
27 Days125 Days+364.8%

Summary: Homes in Point Venture had an average of 125 days on market in Oct 2024, up by 364.8% compared to last month.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Point Venture has remained consistent over time.

Summary: During October 2024, 2 homes were sold in Point Venture; 0% of homes were sold within 30 days, 50% 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 16 Days Ago

Newest Listings in Point Venture, TX

Nearby Markets to Point Venture, TX

What housing markets are near Point Venture, TX?