$190,000
0.15 Acres
Land
Allen Thi, Listing Office: AKL Real Estate
Is Pointe West, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Pointe West has remained a Buyer's Market.
Key Takeaway
Pointe West is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pointe West, TX
How much do homes in Pointe West, TX cost?
Median Sold Price
$634,160
$374/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$94,160(+17.4%)
Key Takeaway
Homes in Pointe West have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Pointe West was $634,160 in October 2024, up 17.4% from last year, and the median price per square foot was $374.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $420K | $315K | -25.0% |
| 3 Bedrooms | $554.3K | $535K | -3.5% |
| 4 Bedrooms | $1.1M | $957.7K | -13.6% |
| 5+ Bedrooms | $800K | $1.5M | +90.3% |
Summary: Pointe West 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 25%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 90.3%.
Housing Supply in Pointe West, TX
How many homes are available in Pointe West, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 47 | +14.6% |
Summary: The Pointe West real estate market had 47 homes for sale in October 2024, a 14.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Pointe West 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 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Pointe West, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Pointe West in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Pointe West, TX
How long does it take to sell a home in Pointe West, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 61 Days | +50.6% |
Summary: Homes in Pointe West had an average of 61 days on market in Oct 2024, up by 50.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pointe West has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Pointe West; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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