$10,000 Closing Credit*
$1,250,000
2,565 SqFt
5 Beds
•4 Full Baths, 2 Partial
Jeffrey Morris, Listing Office: RE/MAX The Woodlands & Spring
Is Port Arthur, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Port Arthur was a Seller's Market.
Key Takeaway
Port Arthur is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Port Arthur, TX
How much do homes in Port Arthur, TX cost?
Median Sold Price
$141,250
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,250(+16.7%)
Key Takeaway
Homes in Port Arthur have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Port Arthur was $141,250 in October 2024, up 16.7% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | $89K | -39.5% |
| 2 Bedrooms | $87.5K | $80K | -8.6% |
| 3 Bedrooms | $130K | $153.5K | +18.1% |
| 4 Bedrooms | $178.5K | $209.9K | +17.6% |
| 5+ Bedrooms | $346K | $259K | -25.1% |
Summary: Port Arthur housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.5%, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes decreased by 25.1%.
Median Sold Price Compared To Nearby Cities
| Nederland | $200K | $239.7K | +19.9% |
| Port Arthur | $121K | $141.2K | +16.7% |
| Bridge City-Orangefield | $268.6K | $263.9K | -1.8% |
| Groves | $162K | $145.9K | -9.9% |
Housing Supply in Port Arthur, TX
How many homes are available in Port Arthur, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 65 | +14.0% |
Summary: The Port Arthur real estate market had 65 homes for sale in October 2024, a 14.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 30 | 38 | +26.7% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Port Arthur 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 11.1%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Arthur, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Port Arthur in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Port Arthur, TX
How long does it take to sell a home in Port Arthur, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 35 Days | +4.3% |
Summary: Homes in Port Arthur had an average of 35 days on market in Oct 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Arthur are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Port Arthur; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Based on Information provided by South Texas MLS, LLC ©2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The MLS aggregate data is a copyright of Texas Association of REALTORS® (TAR) and that the reader may not reproduce or distribute the MLS aggregate data. IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
Listings courtesy of Unlock MLS as distributed by MLS GRID.